Lessons Learned: Managing Risks in Weekend Trading

Reflecting on a recent experience, I've come to realize the importance of managing risks effectively in weekend trading. Leaving open deals overnight can often feel like a gamble, and unfortunately, this past weekend proved costly, with a loss of $14,000. It's a stark reminder that even in the world of trading, where profits can be enticing, it's crucial to keep risks low and maintain a clear perspective.

My eagerness to capitalize on previous weeks' profits led to a level of greed that clouded my judgment. This experience serves as a valuable lesson, highlighting the need to stay disciplined and avoid making decisions driven solely by emotions.

Moving forward, I am committed to implementing stricter risk management strategies, such as setting predefined stop-loss levels and avoiding overexposure during weekends. Embracing a more cautious approach will help me navigate volatile periods with greater confidence and resilience.

Remember, in trading and in life, it's not just about chasing profits but also about safeguarding what you've earned. Here's to continuous learning and improvement in our trading journeys. #RiskManagement #WeekendTrading #dyor
$BTC $BNB $ETH

Should we be staying active on weekends? Your opinion #WeekendTrading

🟡Day 4: $100-$1000 Challenge Update!🟡

Yesterday's Closing Balance : $150💪

Woke up to $DOGE flying by as expected.💥

Have taken a small $10 profit here and will motion this one for re-entry here if we visit again!

Active Trades :

$ETH - added more margin, average entry is at 3224, already stop loss is at break even!💵

$SHIB finally decided to rise up, no profits taken and DCA open.✅

#HOOK/USDT - missed my profit level when I was sleeping lol, but Stop loss at breakeven on this one already!🙌

And lastly #Dogecoin‬⁩ is still running and active! 💥

#BTC☀ expecting the new range to be 69300 to 63100 and that's where I might decide to trade accordingly.

I have lost alot earlier on #WeekendTrading and not a big fan of it. Today will sit on the sidelines and just observe.

DON'T CHASE TRADES! LET THEM COME TO YOU! ❤️

Enjoy the weekend #BinanceSquareFamily