A man — sharp, confident, experienced — just lost $1.5 million on Binance.
Not because of a crash.
Not because of bad luck.
But because of one reckless decision that turned into a nightmare.
He opened a massive 75x long position on a highly volatile coin — without a stop loss.
The market dipped just 1%, and in a blink… full liquidation.
His entire position vanished.
Why?
Because he traded with ego, not with strategy.
No stop loss. No hedge. No safety net.
Just overconfidence — and it cost him everything.
Let this be a wake-up call:
Even smart traders fall when they forget the rules.
Here’s how to protect yourself from the same fate:
1. Hedge Your Trades
Open a smaller opposite position (like a short).
If your main trade fails, the hedge cushions the blow — preserving your capital.
2. Use a Trailing Stop Loss
This tool follows the market upward and locks in profit as it moves.
If the market reverses, it exits you automatically — before things turn ugly.
Set a trail (e.g., 2%) and stay protected.
These tools could’ve saved him. They can save you, too.
Do YOU hedge or use trailing stop losses in your trades?
Let’s talk in the comments below 👇💬