“Ah. I just got stopped out on my trade. Oh well, it happens. I ‘felt’ the market going against me as soon as I took the trade. I should have stopped it then. I wish I thought about it more. Maybe I should have trusted my instinct rather than my stop loss. Why do I keep rushing this? Anyway, shake it off. Accepting loss is part of trading.
“What’s going on? the market is bouncing the other way… How did I not see it? of course it was always meant to go higher! They are running the stop losses, like they did mine, then taking it all the way back up. There it is, look at it go… look at that volume! I must get in on this… Ok, phew, I am in. Both the price and my profits are going higher, both green. It feels good to be right. My entry is not ideal, way above that recent low… but I couldn’t miss out on this opportunity.
“I better check the indicators. I should have checked them before I put the trade on. Phew… all the signals are coming through – the stars aligned (literally, my bot stars, my cloud stars, my indicators are all signalling long… I worked on this bot for ages. It’s almost always accurate. And breathe.
“Look at it go, riding an elevator to the top floor. We will probably never see those lows again… what’s a little extra leverage in the face of financial freedom? This trade could be it. My ROI is increasing exponentially – it’s almost a waste not to make more money on this… It’s so obvious. What’s the worst that could happen? I am fixated on the screen, my body frozen, ready to react. I’ve got this. I am in control. I can always stop it at scratch and break even. What is the maximum leverage I can use on here? Ok, be sensible, don’t use the max. 30x will suffice.
“We are stalling a little… expected. Markets never go up in a straight line. I could take profit here but I really really think it’s going to zoom higher… Look at the order book, loot at how many orders are waiting to buy just below this price. It’ll bounce up in a second.
…
“Why are they slamming the price down? why is this wick forming? Don’t worry, wicks and tails like to be filled. Even more of a reason to stay in the trade. Can you see how tall this wick is? It’s where we are heading baby!
“Hold on… what happened?… why do I see red? Why are we below my entry price? I can’t break even now. It will be fine… my stop loss is there to protect me. I really hope we don’t hit my stop loss… I would be losing a lot of money if we go that low. I know this trade is going my way. I know I am right about this. I can’t be stopped out… It would be a waste! I’m gonna increase the size of my trade and remove the stop loss. Even better, my entry price will be lower so my profit will be bigger. Didn’t that Youtuber guy, ‘shillmeblind’ talk about it yesterday? This is it. I know this is the moment.
“Why are we close to the liquidation price? I can’t get liquidated. We haven’t touched those lows for months. It’s bound to turn around here. That EMA is begging for a price bounce. I just need to cover my margin call. Can I decrease the margin? Oh, I can’t now that the trade is in play. It’s ok. It’s bound to turn back around. Volume will come in any second now. I just need to avoid liquidation. I’ve added nearly 90% of my portfolio in here. Sigh… at least the liquidation price is far. Why am I sweaty? It’s ok… it’s fine.
“What? Are you kidding me? Margin calls AGAIN?… I can’t back down now. I have to add the rest of my portfolio. I can’t get liquidated. This is all I have. Come on. Turn around. Please. Come on.
New Mail:
We regret to inform you that your “PerfectCoin-USDT” position in your PerfectExchange Futures account has been liquidated as your margin balance was lower than the required maintenance margin.
Account, blown.
Welcome to hell.
Good news. You’re among friends. Most traders I know have been here before.
More good news. There is a way out.
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