my friend lost 40k in just 6 mos.Still didn't give up, just | straypen0412 on Binance Square

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my friend lost 40k in just 6 mos.Still didn't give up, just told me charged it as experience.

PSBI Crypto Master

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Bearish

Experts may guide the new comers. Now how to tackle the situation. I lost $30k already.

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In every storm, there’s a moment when the clouds begin to break. Markets move in cycles, and what goes down must eventually find its way back up. If today was tough, remember that resilience is what separates successful traders from the rest. The key is to learn, adapt, and stay patient. The market doesn’t stay red forever—rebound is just around the corner. Stay focused, stay disciplined, and trust in your strategy. Your time will come!

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it's not like this before.

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that friend still trades though, not giving up

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Crypto Liquidation Update: Who’s Getting REKT? 🚨 In the past 24 hours, 225,365 traders were liquidated, totaling $620.88M in liquidations! The biggest single liquidation order was on Binance (BTCUSDT) worth $32.09M. Shorts took the biggest hit, making up $90.65M of the total. 🔥 Top Exchanges with Liquidations: 📌 Binance - $8.07M 📌 Bybit - $7.42M 📌 OKX - $5.01M 🔴 Most Liquidated Tokens (Heatmap): BTC: $1.19M ETH: $360.72K RARE: $501.82K 🚀 Stay ahead of the market and track liquidations to avoid getting caught! 📷 Photo Credit: Coinglass.com #Write2Earn #Liquidations #Bitcoin❗ #Binance #coinglass

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🚨 My Friend Lost $40K in Binance Futures in Just 6 Months! Here’s What Went Wrong 😱 Trading Futures can be tempting—high leverage, big profits… or BIG losses. A friend of mine learned this the hard way when he lost $40,000 in just 6 months on Binance Futures. Here’s how it happened and what YOU can learn from it! 📉 The 3 Biggest Mistakes That Wiped Him Out 1️⃣ Overleveraging (50x = 50x Faster Losses!) He believed “more leverage = more money” but didn’t realize that a small 2% move could wipe out his whole position. 🚨 Lesson: Use low leverage (2x-5x) and size your trades properly! 2️⃣ No Stop-Loss = Instant Liquidation! He held onto losing trades, hoping for a rebound. But crypto doesn’t care about your feelings—the market crashed, and his account was liquidated. ❗ Lesson: Always set a stop-loss to protect your capital! 3️⃣ Revenge Trading & Emotional Decisions After a big loss, he jumped back in, trying to recover fast. He took bigger risks, but instead of bouncing back, he lost even more. 💔 Lesson: NEVER trade based on emotions—stick to a plan and manage your risks! 💡 The Takeaway? Futures Trading is NOT Gambling! ✔️ Use risk management – trade with only what you can afford to lose. ✔️ Avoid high leverage – small moves can wreck your account. ✔️ Stick to a strategy – don’t trade based on emotions. Have you or someone you know lost money in Futures? Drop a comment below! 👇 Let’s learn from each other. 🚀📊 #Write2Earn #FuturesTrading #Binance #RiskManagement #tradingtips

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