as someone who has been in stocks/mf since 2013 and crypto since 2017 (and who also lost a lot due to greed) may I tell you the best strategy in crypto is to HODL.
Monika_Mod
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đI Lost Everything in Just 2 Months of Trading â Hereâs What Went Wrongđ
I Lost Everything! (2 Months of Trading) Trading is one of the fastest ways to grow moneyâbut also one of the fastest ways to lose it all. After six months of intense crypto trading, I hit rock bottom. My entire investment was gone. But instead of quitting, I took a step back to analyze what went wrong. Hereâs what didnât work for me and the lessons I learned along the way.
1. Buying Crypto with $2,000 Cash Like many beginners, I started with a lump sumâ$2,000 in cashâhoping to grow it over time. My plan seemed simple: buy low, hold, and sell high. But reality hit me hard. What went wrong? Most cryptocurrencies lose value over time. While Bitcoin and Ethereum have seen long-term growth, most altcoins decline in value after their initial hype. I ended up buying into projects that seemed promising but steadily lost value. Market volatility crushed my confidence. Some days, my portfolio was up, but more often, it was down. Watching my investment shrink daily took an emotional toll. I underestimated market cycles. I bought during what seemed like a good dip, but the market kept falling. Without a clear strategy, I was simply hoping for a rebound. Lesson learned: Cash investments alone arenât enough. Without a strategy, youâre at the mercy of the market.
2. Leverage Trading â A Costly Mistake Frustrated with slow losses, I turned to leverage trading. The idea was tempting: borrow money to increase my position size and maximize profits. At first, it worked. I had a few wins, which made me believe I had cracked the code. But then reality set in. Why leverage trading made me lose everything: High risk, high reward⌠but mostly high risk. A single bad trade wiped out a huge chunk of my account. Overconfidence led to bigger mistakes. After a few wins, I started increasing my leverage. That was a trap. Market manipulation is real. Large institutions and automated trading bots move the market in ways retail traders canât predict. I often entered trades only to see sudden price reversals that hit my stop losses. Emotional trading made things worse. Every time I lost, I tried to win it back. This led to overtrading and even bigger losses. Lesson learned: Leverage trading is designed to favor the big players, not retail traders. Itâs a dangerous game unless you have deep experience and emotional discipline.
My New Strategy â A Smarter Approach to Trading After losing everything, I took a break to rethink my approach. I realized that successful traders donât just chase trends or blindly follow hype. Instead, they understand market psychology. Hereâs what Iâll focus on moving forward: â Trading against the crowd â Most retail traders lose money. Instead of following the herd, Iâll look for opportunities where emotions (fear and greed) drive bad decisions. â Risk management first â No more over-leveraging or risking too much on a single trade. Small, calculated trades will be my new approach. â Understanding liquidity zones â Markets move in patterns. Iâll study where large orders are placed and how institutional traders operate. â Patience over impulse â Instead of chasing every pump and dump, Iâll wait for high-probability setups. This time, Iâm not just tradingâIâm strategizing.
Final Thoughts If youâre new to trading, learn from my mistakes. Avoid jumping into the market without a solid plan. Understand that leverage is a double-edged sword, and most cryptos donât perform as well as people expect. Iâll be sharing updates on my progress with this new approach. Hopefully, this time, Iâll build a portfolio that grows instead of disappears. $BTC $SOL $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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