Hard day. Too bad luck for a friend.
Jun 7, 2022. No. 265
The trader that I have been following for several days, today has been his worst day. Bad luck took over him completely, despite having a correct reading on his operations.
He is making a saga of taking 100 USDT up to 1,000,000 USDT. This is really complex, but I do think it can be done with good risk management and winning streaks. It started very well and for several days it was raising its account with a pretty good %. Today he started with almost $300 USDT, that is to say, in a few days he had tripled the account.
The trade started normal, leveraged x50 on a futures altcoin. The operation went in his favor, but just when he was going to cut it off, the internet went down completely. He went offline and the live stream on Youtube went down. Returning to Youtube, the coin had already dropped a lot and was negative. He decided to wait a bit and did not cut the losses. It even went back to positive, but he still didn't take profit, so the coin went against it. BTC started to go down a bit and the coin crashed. He had to close with a loss, leaving the account at just under $100 USDT. He returned to operate and managed to get the account again up to approximately $150.
It was then that he decided to change the currency to make a quick operation with leverage of x100 and that he returned the capital quickly. He has done this on many occasions, but the day was definitely not for him. He changed the currency and went short, taking into account that the BTC was beginning to show signs of a sharp fall. Guess what happened? The BTC plummeted, and all the altcoins began to plummet (including the currency it was in 1 minute before), but the one that had the operation open, did not move, on the contrary, it began to pump a little bit. Incredible but true, the more the BTC fell and the whole crypto world, its currency did not move or rose slowly. Until the moment came when made a very strong pump and liquidated him. Only $5 USDT left of approximately $300.
Things like these are difficult to understand they happen, but as you can see, they happen when you least expect it. It was a very hard day. Most of us who were watching the video live, and did not change currency, did make a profit. Those who traded along with him lost some of their profits.
The emotions of the trader all the time were controlled. What for some should be the end of the world, for him was nothing more than a failed operation, because the currency did not do what 99% of the others were doing. Although his reading was correct, that coin did not accompany him. When bad luck follows you on a specific day, there is no BTC drop that will help you at all.
For the moment, learn from his mistakes, and says that he will start again tomorrow with more energy than before and continue with the saga. Recover what was lost and more, to reach the desired figure of $1,000,000 USDT.
Wow, he took a bold step and courage. He is indeed a risk-taker and great trader.