š„ How I Protected Myself from Losing Everything in the OM Crash
The Night OM/USDT Dropped 94% ā And Why My Strategy Saved Me
When the price of OM/USDT dropped from $6.86 to $0.35 in a matter of hours on April 21, 2025, thousands of traders were caught off guard. But not me.
š” Here's how I protected my capital:
ā
1. I Always Use a Stop-Loss
Before entering any trade, I set a stop-lossāa level where the trade automatically closes if the price drops too much. In this case, my stop-loss was at $6.20, which triggered just before the freefall began.
This single decision saved me from a 94% loss.
ā
2. I Take Small Profits Early
I used to chase āthe big green candleā ā now Iām all about securing small, consistent wins. In this trade, I had already booked +8% profit on part of my position. The rest was protected by the stop-loss.
šØ Small profit > massive losses. Always.
ā
3. I Trade With a Plan ā Not Emotions
During a crash, panic is your worst enemy. My strategy was set before I entered the trade. I wasnāt glued to the screen or reacting emotionally ā I let automation (stop-loss, take-profit) do the job.
š Key Lesson:
Capital preservation > chasing pumps.
One bad move can wipe out months of gains. So next time you're tempted to ride a rocket without a parachute, remember OM.
š Final Thought:
You donāt have to win every trade.
You need to protect your downside and let small wins stack up.
Thatās how you survive long-term.
š Share this if youāve learned the hard way, too ā or tag someone who needs to.
#OMCrash #CryptoRiskManagement #BinanceSquare #CryptoEducation #MarketPullback