Two months ago, I lost the last $100 I had to my name while trading $TRB
I don’t think if there’s any coin that is as manipulated as $TRB on Binance
If you have known $TRB for so time now you will understand this better
When $TRB wants to pump, it pumps like a rocket and in few seconds it will liquidate thousands of traders and this is the same thing it does when it wants to dump
I hurriedly placed my trade with $100 just to get the entry I had been waiting for on $TRB, after placing my trade, i took a 3-5 minutes break to go fix something and then come back and set my stop loss of $30
I knew that I can’t lose $30 in less than 3 minutes,especially when I’m not using high leverage and I’m using a very small capital
You know when you place your trade and it’s start running in loss, the loss will gradually increase, you won’t go from -$6.4 to $260 in seconds, it will grow gradually
Coming back to set my stop, I was expecting to see -$8.5 or -$10, I ended up seeing -$78, at that time it was pointless to set my Stop loss
I had lost more than I had and I was already close to my liquidation price
Remember, I used $100
I used less than 10x leverage
The market just wiped out a lot of us in anger
I never trade without stop loss but that day happened to me
$TRB is currently down 82% from it’s current all time high of $593, few weeks back it was down below $100
