#MyStrategyEvolotion For your eyes only!
My Hard Trading Lesson: Commissions Are King!
Today, I learned one of the most important trading lessons firsthand. Excited, I invested 9 USDT in Bitcoin, buying when the price was at $117,000. My goal was simple: sell at $122,000, hoping for a quick profit.
And yes, Bitcoin did rise to $122,000! I executed my sell order, but the joy was short-lived. Upon checking my balance, I discovered my 9 USDT had turned into only 7 USDT. What happened? The commissions hit me hard. I didn't account for them when calculating my potential gain.
This experience taught me that predicting price movement isn't enough. Ignoring commissions is a costly mistake. Learning from this and adjusting my strategy is key for next time!