🚨This mistake made him lose 1 million dollars in a few hours🤯, here is the story of an investor👇
Tonight at 1 a.m., @cryptonerd75 goes to Binance to check a position he had
This position represented 1.15M dollars, or his entire capital💸
All placed on a trade with a leverage of x3, on a shitcoin, called PEPE
The use of levers is strongly discouraged for the most novice❌
Because the movements are multiplied📉📉
In this case, with a leverage x3, it was enough for the PEPE to lose 33.33% for its position to be liquidated
And let him lose EVERYTHING!😳
And this is what unfortunately happened last night, PEPE followed Bitcoin and lost more than 30% in a few hours 📉
➡️As you can imagine, his position was liquidated and his million dollars vanished!💸
💎What mistakes did he make? 🔸 Poor management of capital: 👉Invest all of your capital without keeping anything to live on❌
🔸 Poor risk management 👉Open a position with more than 5% of your capital❌ 👉Having such great confidence in a shitcoin❌ 🔸 Poor diversification 👉Focus on a single asset❌ 🔸 Use of leverage, without prior knowledge
Today he finds himself with 0$ in his pocket, nothing left to live on
👉But above all he finds himself at the bottom of the abyss I quote: “I want to kill myself”
He had been on the Crypto market since 2017, showing that seniority does not necessarily mean expertise❌
Today I wish him to get through it and get back up stronger. But above all to learn from these mistakes
And start learning more 📈
Good luck to him!
🟢Subscribe if you want to learn how to not make the same mistakes as him 🚀
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