Liquidation…When One Mistake Almost Cost Me Everything
Even experienced traders make reckless mistakes. I made one—and paid for it.
Ten days ago, I entered a SOL scalp—late at night, cross margin, manual stop loss. A reckless move. I planned to monitor it, but I fell asleep. When I woke up, Nasdaq had crashed overnight, and so had crypto. My account was devastated—down 45% of my portfolio.
My liquidation price was $168.9, so I held, believing in a recovery. But then—SOL dropped to $167. I should have been liquidated. Yet somehow, my position stayed open. I have no explanation except God’s grace.
I held for 10 days. No revenge trades. No emotional decisions. Just patience, prayer, and breathing through the worst of it. Today, I exited at -$45, from nearly -$3,900. The market may still go higher, but I’m done. Lesson learned.
Here’s my advice:
1️⃣ Never scalp at night. Fatigue leads to costly mistakes.
2️⃣ Never use cross margin for scalps. Isolated margin limits your risk.
3️⃣ Always set a hard stop loss. A soft SL means nothing if you’re asleep.
4️⃣ Detach when necessary. Panic decisions make everything worse.
I walked away from disaster this time. I won’t push my luck again. This is a lesson on what not to do, and how to handle it when you make a mistake, and trust me, you will.
Stay wise. Stay strong.
El-Shaddai: (Hebrew: אֵל שַׁדַּי) - “God Almighty, the All-Sufficient One.” His grace sustained me when my own wisdom failed.
#tradesmart #liq