đŸŸ„ DAY 9 TRADE UPDATE: SURVIVING THE VOLATILITY đŸŸ„

The market’s volatility yesterday hit hard, and it’s been a rough ride. Here’s the lowdown.

# The Current State of Affairs

Yesterday’s Starting Point:

- Balance: $184

- Loss: $35 in just one day

- Current Balance: $155

- Unrealized PNL: - $41 in red

It’s not a pretty sight. Most of my capital is tied up in just two trades right now. One wrong move, and I could strike out completely.

# Active Trades

- $BTC : Deep in the red, holding on and hoping for a bounce.

- $JASMY : Also in the red, waiting for a retracement.

# Strategy Overhaul

Given the recent hits, it’s clear we need a new approach:

- Altcoins: No more than 10x leverage from now on.

- Big Coins (BTC, ETH, SOL): Capping leverage at 24x. The urge to gamble is strong, but discipline is stronger.

# Lessons Learned

- High Leverage = High Risk: It’s a stark reminder of the dangers of high leverage. Don't let your over-confidence ride your tide.

- Market Unpredictability: While everyone focused on the FOMC, global events (like the threat of World War 3 or geopolitical tensions) can drastically affect the market.

- Capital Management: Losing $35 in a day has been painful. But it’s part of the journey.

# Moving Forward

Risk management is now our top priority.

Sharing these tough times is part of the journey. It’s not fun to lose, but it’s all about learning and growing.