Hello I post about my crypto Experiences, I have been in crypto since 2021 and wow! It's been a bumpy ride from bull to bear to now "bull". From NFTs to ETFs.
Thank you guys for your likes and comments. Because of you, I have recovered 0.444 USD of the 300 USDT I lost last week Friday, now I only have 299.666 USDT to go to break even.
Do you know what's the reason behind your liquidation??
It's because : YOUR Leverage too high: If you're trading with high leverage (e.g., 20x or 50x), even small market moves can wipe out your margin and trigger liquidation.
Sudden price drop or spike: A sharp market move against your position (e.g., long in a crash or short in a pump) can quickly eat through your margin.
Low margin or maintenance margin: If you don’t add funds to your margin or adjust your leverage, your position becomes more vulnerable to liquidation when the price fluctuates.
Funding rate impact (for perpetual contracts): If you’re paying funding fees continuously, it eats into your margin balance, especially if your position is held for a long time.
Exchange issues: Sometimes, liquidation can happen due to exchange outages, latency, or incorrect stop-loss/sl orders not triggering.
Wrong position size: Opening a large position relative to your capital can leave little room for volatility.
$BTC Update : A Clear Vision Of Chart. 📈 What's Next 🚨 ??
$BTC Currently At Critical Level We , Observe Two Possible Scenarios On Chart !
First Most Likely And Everyone Wants : A Break Above This Trendline Resistance 🚀 At $85,799 And Go Toward Upper Levels !
At 🎯
$87,600
$88,400
$90,000
And Second One : As You can See $BTC Forming Double Top Bearish 🐻 Pattern On Chart A Break Below The Necline At Below $83,000 Triggers Lower Support Levels !
At 🎯
$82,300
$81,300
$80,150
Final Thought : Currently BTC In Midway Where We Have Both Scenarios But In This Week I Think Bulls 🚀 Are In Power . Well, Hope This Analysis Helps You !!
What's your thoughts 💭 About This Week We See Some Green Or Again Bloody Red ??
So I finally closed my trade with about 90$ total loss. Looking at rsi I entered a new long position at 0.14. With 50 margin and 5x leverage. TP1 at 0.16 and TP 2 at 0.20. Strict stoploss below 24 hour low(0.12560). I live to fight another day🤗🙏
Woke up to getting ReKT! This happened because I didn't have proper risk management set for this trade. All this happened in less than 24hrs. The crypto markets are wild and ruthless. Stay safe and as you go through this post, REMEMBER TO ENFORCE PROPER RISK MANAGEMENT! As someone who shares his wins. It's important to also share the lessons from my losses!
It took me days to build this yet a few hours to destroy everything!
Here are some lessons I've taken home,
1. I don't have to trade all the time. I got into this trade after securing a handsome profit from a short trade.
2. I will react to the market changes ASAP. As soon as the trend changed, I should have reacted and shifted my trade to longs instead I gave in to sunken cost fallacy and kept shifting my stop loss upwards.
3. Trade familiar territories! Well all this happened because the BABY coin distracted me! $BABY
I hope these lessons help you in your trades. The secret that got me the profits in the first place were two, I'll share one:
1. You have to have some skin in the game. Just not too much skin.
Hey, if you got any ideas on how I can recover from this, I am ready to listen.
Obviously I am not giving up and I will keep you posted!
Stressing [point number 3 here,](https://app.binance.com/uni-qr/cpos/22816881503570?r=306354810&l=en-AF&uco=NW67Qh6X8Yuuj9cfAQ9sPA&uc=app_square_share_link&us=copylink) . Be carefully when trading unfamiliar territory!
Stay tuned! Stay Safe! Robi Out!
Of course I am getting back into the ring! I need your help to get back in. Help me get back into the ring 0.99 only!
♥️ Thanks kind stranger! I'll keep you posted! See you in the next one!
The last post I did was a loss. This happens to the best of the best. (I mean it happened to me!) The thing about losses is that it indicates a weakness in your trading. It's similar to failing at school, however instead of losing marks. Trading is harsher! You lose actual money.
The great thing about failure is the lessons that come with it! Here are a few I learnt:
1. Focus on your strategy => What happened to me was, I get into a trade. I see a post here explaining the negative case. I get skeptical and exit the trade prematurely. I enter the trade with the new insight and get burned! This leads to my next lessons.
2. The only person you should listen to is yourself. Trust your gut. Mute out all the noise here => This is very important. The so called "Guru's" here are just making speculations. In a human market no one can absolutely predict the trend with 💯 certainty. If you don't believe me go ahead and ask AI to verify my claim. It's all bullshit and the only one who can do a good trade is you. Because everyone has different financial statuses and risk tolerance. Don't listen to anyone just because they were right once or twice. Any assumptions made will eventually come to pass in a long enough timeframe. For Example, $BTC will reach 45K soon. (Bearish). No matter what statistics I give or no statistics. At some point this will be true. I will repost this when that happens and everyone will be impressed by my "fortunate prediction."
3. Journal your trades or atleast have a feedback loop => Writing down at minimum, the entry, exit, reasoning behind your trade and it's result is what allowed me to write this article. Obviously my trade journal has more parameters than this. If you'd want that shared you can comment "journal" down below.
I am confident that this is helpful to most of you. If you found value in this post, do a kind thing to someone else. More importantly share it with your network so that you make gains as a crew!
Due to the word limit here, check the full post on LinkedIn at Kiprop Kimutai
Woke up to getting ReKT! This happened because I didn't have proper risk management set for this trade. All this happened in less than 24hrs. The crypto markets are wild and ruthless. Stay safe and as you go through this post, REMEMBER TO ENFORCE PROPER RISK MANAGEMENT! As someone who shares his wins. It's important to also share the lessons from my losses!
In my 3rd year of trading, I am learning that trading, like many other things, requires a high degree of discipline to be profitable. You make a loss, be disciplined enough to not revenge trade.
After 3 years and I still feel the urge to revenge trade after making a loss. Managing your emotions is very vital. Be better than me. Don't revenge trade!
Trading is great when you know what you're doing . I started out in a bull market, in 2021. Before the beginning of the bear market. I had zero knowledge but I managed to be profitable. Why? because it was a bull market! Every long made some returns. I didn't even know the concept of shorting the marekack then.
But at the beginning of 2022 and the crash began. Losses began and I was rekt! Multiple times too! Rekt at 40k, rekt at 30K then 20k! The bear taught me trading. So whenever you get into seeing your portfolio -30% bear or loose everything. Remember that you need knowledge to come back better and stronger.
As I said. Trading with knowledge is sweet. Use the bears to learn.