Do spot trade only

$XRP I GOT LIQUIDATED!!!

Yes, and I've no shame in admitting it.

But I'm sharing this experience to convey one simple message to you.

Don't Let Them Wipe You Out Of The Game.

Wealth is not generated by trading futures. It's about building a structural monument which is not built in a day.

I started small and had a shaky start. But my strategy was simple.

Build it from scratch.

I started small again and was slowly making it happen. Sharing my trades and of course signals every now and then with you. But liquidation slapped me harder and wiped my futures account.

But here's what I did before this bloodbath that makes me feel still confident and secured in this unpredictable market.

🔸When I started making profits I recovered my initial capital deployed for futures.

🔸Took some profits out to my bank as well

🔸Paid off some loans on Binance withdrawing a portion from my futures account.

And FYI that initial capital used was a loan taken by keeping crypto as a collateral. Yes, that's the power your assets possess. But I won't advise you to take a loan on your assets and start trading futures.

Don't ever think about it.

I know how much risk to take and was acting accordingly. TBH it was a decent sum I lost and was mainly a solid running profit.

So what went wrong?

Greed? Yes. I would say 50%.

Optimism? Fair enough & holds 50%.

But I made sure in advance that in any adverse situation no damage is done to my entire account and yet after this sudden massacre I'm standing strong.

Spot is growing. I'm earning everyday on my assets and that is passive income.

The only thing is I've to restart again in Futures but this time I know what "Not To Do". And yes I bought the dip today in my fav Alts.

I may have lost a 4 figure but I know it's the beginning of a journey towards 6 figures.

#BuyTheDipOrWait