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Liquidation Lessons: A Journey of Growth and Resilience
Trading is an unpredictable game. Sometimes, even the most calculated strategies can take a hit, and today, I’m here to share a personal setback—not to dwell on the loss but to underline a critical message: don’t let setbacks take you out of the game.
Recently, I got liquidated on $XRP futures. It stung, no doubt. But instead of hiding from the experience, I want to share the lessons I’ve learned. Wealth isn’t built through reckless futures trading. It’s about creating a solid foundation—brick by brick.
Here’s how my story unfolded:
I started small, shaky at first but determined. I worked my way up, growing steadily and sharing my progress along the way. Futures trading brought both profits and pitfalls. At one point, my strategy seemed rock solid. But then, the market flipped, and I faced a heavy loss that wiped my futures account clean.
What Went Wrong?
Greed: I pushed for more when I should’ve stepped back.
Optimism: I believed the market would turn in my favor.
What Did I Do Right?
Before the loss, I had already taken steps to secure myself:
1. Recovered my initial capital: The first profits I made went straight into paying back the loan I used as starting capital (collateralized by my crypto holdings).
2. Withdrew profits: I transferred some earnings to my bank, safeguarding them from market volatility.
3. Paid off debts: A portion of my gains went to reducing my liabilities.
These precautions ensured that even after the liquidation, I wasn’t starting from zero. My spot holdings are still growing, providing passive income. This setback taught me a critical lesson: never risk more than you can afford to lose.
The Road Ahead
While my futures account needs rebuilding, I’m approaching it with greater wisdom. I know what not to do this time. Today, I bought the dip in my favorite altcoins and began setting the stage for long-term growth.
This isn’t the end—it’s just the beginning of a journey toward six figures. Losses are part of the game, but how you bounce