Last week, during the Halving duration, I saw a post in which a person claimed that they had lost $1 million in the #Pepe Coin Future Market.
When the market fell by 30%, their $1 million fund was liquidated.
The question is, why did they suffer such a loss?
The simple answer is that they made a mistake by entering the market at the wrong time. Despite having seven years of experience, his research on the market was zero at that time. he had traded with a $1 million leverage of three times, but when the market retreated, it fell by 30%.
If I were his friend and were with him at that time, I would have advised him to invest 30% of his trade with three times leverage and keep 70% of his funds aside, which would have perhaps saved them from total loss.
Summary
we should always trade with full attention and enter the market only after thorough research."
