$USDC Although I am an experienced trader, I was recently liquidated on a Long $TRUMP position due to a fundamental mistake: FOMO and not setting a stop loss when trading Binance Futures. Here is the story:

Last week, President Trump announced plans to host a party with 220 top $TRUMP investors. Seeing this as positive news for Trump, I immediately entered a Long position after the price increased by about 50%. Just 2 minutes later, I was shocked to see my Long position quickly liquidated and realized I was truly a novice for FOMOing into the news and not setting a stop loss.