💔💸 Trading Tragedy: A 600% Loss Tale 💸💔
I'm here to recount a grim trade from last August, where I met with a crushing 600% loss (250% of my initial stake).
Then, I was led by signals, and there was buzzing speculation that #SXP would hit 1 dollar (from its 0.5x mark). Greedily, I leaped into a trade of $1500 at 5x leverage. Unfortunately, the market took an immediate nosedive, causing the price to fall to 0.4x and me to incur a 70% loss.
Hoping for a rebound, I held onto my position on others' advice, but the market further plunged. After a few days, I painfully cut my losses at 267.7%.
This remains my harshest trade. What are your trading stories?
