I was up 40% in a month. Feeling confident. Maybe too confident.
One bad move… and I gave all of it back.
Here’s what happened — and how you can avoid doing the same.
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🔹 The Mistake: Doubling Down on a Losing Trade
I went long on a coin I believed in. It dipped. I added. It dipped more. I added again.
Before I knew it, my size was 3x bigger than planned… and the coin nuked 20%.
❌ Result: Massive loss. Months of gains — gone in a day.
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🔹 Why I Did It: Ego + Hope
• I “believed” in the project
• I didn’t want to admit I was wrong
• I chased the bounce that never came
🧠 Trading isn’t about being right. It’s about managing risk when you’re wrong.
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🔹 How I Fixed It: A Simple Rule
Never add to a loser. Ever.
Now I predefine my stop loss, enter with half-size, and only scale if the trade works.
✅ This saved my sanity — and my account.
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🔹 Bonus Tip: Use Alerts, Not Emotion
When I feel emotional about a trade, I set an alert, walk away, and revisit it in 10 minutes.
90% of the time? I don’t take it — and I’m glad I didn’t.
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✅ What You Should Take From This:
• Don’t average down on losers
• Respect your stop
• Manage your risk first, profit later
• Trade the chart — not your belief
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💬 Protecting capital > proving you’re right. Always.
