Marin Mara Viwu
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I started with just $100 and, in one month, grew it to $296. It was consistent daily growth. I didn’t chase massive profits. I stuck to my rules, cut losses early, and yes I got very lucky a couple of times.
But it only took a couple of bad trades to crash from $296 all the way down to $20.
Here’s what that taught me:
1. No matter how confident you are in your setup, there’s always a chance it goes against you. So always, ALWAYS use a stop loss where you can afford the loss and still stay on the game.
2. A perfect winning streak doesn’t make you invincible. In fact, it usually means a loss is right around the corner. So stay humble. Don’t let your ego fool you.
3. Realize the profit when you have it. You can always re-enter the trade. But you can’t re-enter after you get liquidated.
4. Losing small > winning big. If you have $100 and win $50, that’s a 50% gain. But if you lose $50, now you need to double your account just to get back to where you were.
5. Never revenge trade. Walk away after a big loss or a big win. That “one more trade” you’re aboslutely sure about? It almost never works out and it will always make things worse.
I’m starting over now with this $20 that’s left.
And I’m documenting my journey to turn this $20 into $1,000 and beyond. So follow along to be a part of my journey.
But it only took a couple of bad trades to crash from $296 all the way down to $20.
Here’s what that taught me:
1. No matter how confident you are in your setup, there’s always a chance it goes against you. So always, ALWAYS use a stop loss where you can afford the loss and still stay on the game.
2. A perfect winning streak doesn’t make you invincible. In fact, it usually means a loss is right around the corner. So stay humble. Don’t let your ego fool you.
3. Realize the profit when you have it. You can always re-enter the trade. But you can’t re-enter after you get liquidated.
4. Losing small > winning big. If you have $100 and win $50, that’s a 50% gain. But if you lose $50, now you need to double your account just to get back to where you were.
5. Never revenge trade. Walk away after a big loss or a big win. That “one more trade” you’re aboslutely sure about? It almost never works out and it will always make things worse.
I’m starting over now with this $20 that’s left.
And I’m documenting my journey to turn this $20 into $1,000 and beyond. So follow along to be a part of my journey.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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