Sharing a trading operation 😂
Look at this huge loss and don't repeat my mistake 😁
In futures, mostly small amounts, so small investments and corresponding risks, potential profits and losses. Leverage 2-10x
I entered and didn't predict the Bitcoin pullback, didn't close in time. Averaged up... still in the red.
Today I came across a note where a guy writes "don't believe there will be a pullback, this is how short sellers lure you into their sect to recover losses" - the text isn't exactly like that, but the essence is the same.
I'm not luring anyone, just warning that going long right now could be dangerous, a correction might happen and that's normal since people will be taking profits.
And why did I end up in this situation? Because:
I rushed
I likely chose the wrong entry point
I underestimated the potential for local Bitcoin growth
I prefer shorting over going long 😂🤦😝
