šŸšØ Lessons from Losing $2279 in Futures Trading šŸ„²šŸ’Ŗ

I lost around $2279USD from my futures wallet.

Itā€™s definitely painful, but instead of dwelling on the loss, Iā€™m reflecting on what I can learn from it. Losing this amount is like paying for an expensive courseā€”except this time, the lesson came through experience.

Here are my key takeaways:

1. Never Be Too Greedy.

It sounds obvious, right? I thought I understood it before, but now I feel it. Greed blinds rational thinking and often leads to bad decisions.

2. Money Is Not Everything.

We all know this in theory, but experiencing a significant financial loss puts things into perspective. Money can be earned back, but time, health, and relationships are far more valuable.

3. Stick to Bitcoin.

If I had only invested in Bitcoin and avoided chasing altcoins or speculative futures trades, Iā€™d have three times more money today. Consistency beats risky experiments.

4. No One Can Predict the Future.

Thinking I could outsmart the market was foolish. Markets are unpredictable, and even the best traders rely on probabilities, not certainties.

5. Focus on Building a Business, Not Watching Charts.

The time I spent glued to screens was just like binge-watching Netflix or scrolling Instagramā€”unproductive and costly. The best investment I can make is in my business, where I have control and can create real value.

Final Thought:

Let money work for you, not the other way around. This experience was expensive, but the lessons Iā€™ve gained are priceless. Hereā€™s to smarter decisions moving forward! šŸ’Ŗ