I recently experienced a significant loss with my $NEAR token, where 70% was liquidated due to unpredictable market movements. Here's what you can learn, and some tips to help you avoid a similar situation from my experience:

1. Risk Management Is Key

  • Lesson: Before diving into trading, set clear risk limits. Determine the percentage of your portfolio you're willing to risk on a single trade.

2. Stay Informed About Market Conditions

  • Lesson: Regularly check market trends and news. Unforeseen market movements can impact your investments.

3. Avoid Overleveraging

  • Lesson: Trading with too much leverage can amplify losses. Use leverage wisely and be cautious about high-risk strategies.

4. Set Stop-Loss Orders

  • Lesson: Always set stop-loss orders to limit potential losses. It acts as a safety net, automatically selling assets if prices drop to a certain level.

5. Diversify Your Portfolio

  • Lesson: Don't put all your eggs in one basket. Diversifying your investments across different assets reduces overall risk.

6. Understand the Technology

  • Lesson: Before investing, understand the technology behind the cryptocurrency. In my case, a deeper understanding of current events of technology (BTCETF) could have helped anticipate market movements.

7. Start Small, Gain Experience

  • Lesson: Begin with a small investment and gradually increase as you gain experience. Learning from smaller losses can be valuable without risking significant funds.

8. Stay Emotionally Detached

  • Lesson: Emotional decisions can lead to impulsive actions. Stay calm and rational, sticking to your trading plan.

9. Continuous Learning

  • Lesson: The crypto market evolves. Stay updated, learn from experiences, and adapt your strategies accordingly.

10. Community Insights

  • Lesson: Engage with the crypto community. Discussions and insights can provide valuable perspectives and information.

11. Secure Your Investments

  • Lesson: Use secure wallets and exchanges. Implement two-factor authentication to protect your assets.

Remember, trading involves risks, but with careful planning and informed decisions, you can reduce the chances of liquidation and protect your investments.