$XRP LIQUIDATION – NO SHAME IN IT! 😤🚫
Yes, I got liquidated – and I’m not afraid to admit it.
XRP: 2.3152 (+7.19%) 📈
But I’m sharing this experience for one reason:
Don’t let the market wipe you out. 💪
Wealth isn't built through futures trading. It's about constructing something solid and lasting, not something that can be built overnight. 🏗️💰
My journey started small, and my first steps were shaky. But my strategy was straightforward: Build it from the ground up. 👷♂️
After a bumpy start, I slowly started making progress. I shared my trades, and occasionally my signals, with you. But the liquidation hit hard and wiped out my futures account. 💥
However, before this happened, I took a few precautions that still leave me confident and secure in this volatile market:
🔸 Recovered my initial capital that I used for futures trading.
🔸 Took some profits off the table and transferred them to my bank account. 💸
🔸 Paid off Binance loans by withdrawing part of my futures funds. 🏦
And just so you know, the initial capital was a loan backed by my crypto. That’s the power of your assets. But I wouldn’t recommend borrowing against your crypto to trade futures. Don’t do it. 🚫
I understood the risks and acted accordingly. Yes, I lost a decent amount, but I had already locked in solid profits. 💼
So, what went wrong?
Greed? Absolutely. 50% of it. 😈
Optimism? Fair enough. 50% of it. 🤞
But I made sure that, no matter what, I wasn’t putting my entire account at risk. Even after this rough ride, I’m standing strong. 💪
The spot market is still growing, and I’m earning passive income from my assets every day. 💵📈
I have to restart in futures, but this time, I know exactly what not to do. Oh, and I bought the dip in my favorite altcoins today. 📉💎
Sure, I lost a four-figure amount, but I’m confident it’s just the beginning of my journey to six figures. 🚀💰