From December 2022 to February 2023, Mike turned his $13,000 portfolio into $72,000. Fast forward to July, Mike has less than $4,000 in his wallet.
Let's find out how that happened. We'll also see lessons we can learn.
The bottom was in, and Mike saw the opportunity to make it big. But he needed to convince his wife before putting much money in, as any failure would harm the family.
After a very long conversation, his wife agreed to it. His plan worked, and he made a killing with BTC leverage long. His wife told him to sell, and he promised to do so.
He didn't.
He round-tripped everything, and he's too ashamed to tell her what happened.
The Lessons?
đž He didn't practice risk management
đž He didn't take profits
đž He was overconfident
There are many traders out there like this. Don't be one of them.
