Trading went wrong, my $10 is gone in just 4 minutes

Blog:137-17th
Date :July 27,2022
Time :01:47pm

I've been practicing how to trade using the Stormgain app for six months. I've only used the free USDT that I got from their Bitcoin Cloud Minerβ

It was January when I reach the minimum of $10 to withdraw from their free mining. Then I started to do some trading. First I buy the BCHBTC pair. First I really don't know if I am doing it until I got a small profit from my $10 which is 0.12usdt. I am happy already with that said amount knowing that it was my first time doing the trading. A day after I got my profit I buy another pair which SHIBAUSDT but sad to say I lose $3.Since my USDT is below $10 I can't continue trading so I continue their free mining until I reach $10 again around March. I started trading again with my favorite pair which is BCHBTC and I trade my 17.36Usdt around March 20 luckily I got a profit of $5.03usdt.Glad I choose BCHBTC again that time. Since I am happy with my profit I tried my luck again after 2 days because I had to wait for the price to go down a bit before buying. The same amount of 17.36Usdt and I got a profit again worth $5.05usdt. I think I already did research about how to trade in STORMGAIN at that time. I already know the purpose of the leverage, the take profit, and stop loss.

However, my luck didn't continue as I lost $4usdt. Since then I stop trading for a while the first week of April when I tried my luck again but was still not lucky enough to get a profit I lose again from my remaining balance which is $13. 35usdt I loss 3.41usdt .my balance is below $10 again since I converted to bch the two $5 profit that I got so it will be safe. Since then I just continue their free mining so I can reach their $10 minimum but sad to say, the market was in the red from April till now so it's hard for me to reach the minimum withdrawal.

But last June 22 I started trading again because stormgain send me an email that my remaining balance will expire if I will not deposit any amount or if I will use my remaining balance on trading. I didn't know that I can use my bch to exchange back to USDT to add up to my remaining balance (Active bonus). After knowing about it I tried trading again with the same pair which is BCHBTC. I got a small profit which is 0.52usdt. June 22 when the last time I bought my favorite pair but sad then the market goes down dipper for a month. I didn't use the stop lose because I was still hoping that the price of my pair will go up soon. My trading goes to negative 6 dollars but I still choose to wait for the price to go up. Yesterday I noticed that I already had a small profit so I immediately close the trade to get some profit and save $10 as my capital. I'm lucky enough to get a small profit of 0.52usdt.

I waited for the Bch price to go down more but then the price is still high for me so as I was exploring the Stormgain app I decided to buy the pair ETHUSDT since the price is still down to my surprise I got a profit of 1.27usdt in just 1 minute of trading. I was wondering why the prices of the coins move up and down faster than the usual trading that I do but I ignore it I just close the trade the time I got a small profit. Since I got excited about the profit that I got in just one minute I tried to buy the ETHUSDT pair again but I am happy while monitoring my trading as the price goes dipper and dipper until my trade automatically close. Yes, I lose my $ 10 capital in just a matter of time. Now I only have $6.30worth of Bch in my balance.

Ending thoughts

It's lesson to learn for me about trading is to study and be careful and mindful in every move that I make. I lose that $10 because I didn't notice that the leverage of my 2 current tradings was around 200. That's the part of the trading strategy that I didn't mind. I just click buy right away without checking the leverage. My previous trading was only around 50 leverage. Low risk. What I did earlier was high-risk trading using higher leverage. The lower the leverage, the lower the risk and low the profit too but the higher the leverage the higher the profit the higher the risk.

To those who want to learn how to trade you can use Stormgain and use their free mining. Better that way at least if ever you lose it doesn't hurt that much as you don't invest your money in it.

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