Spyke
trading_and_crypto_memes·Trading and Crypto Memesbysandhu

15% Gone in One Greedy Trade//

19, trading for 8 months. Learned an expensive lesson about greed this week.

I started with intraday trading first. Had a good run for a while, but I wasn't disciplined about stop losses, and eventually gave a lot of that profit back. Switched to swing trading about 3 months ago, thinking a slower pace would suit me better.

For a while, it worked. I was recovering at a solid pace, felt like I'd actually learned something from the intraday phase.

Then three days ago, one greedy decision wiped out 15% of my capital again. Same mistake, same cycle, just a different strategy this time. No stop loss discipline, held on longer than I should have, convinced myself "it'll come back."

It didn't.

What gets me is that I know the rule. Set a stop loss, respect it, don't let one trade decide your month. I just didn't follow my own rule when it actually mattered, again.

I'm not looking for stock tips. I'm trying to understand the psychology side of this, because clearly the technical knowledge isn't the problem, my execution and discipline is.

For those who've traded longer than me, how did you actually fix this in yourself? Was it a system, a rule you forced on yourself, or did something just click after enough losses?

Genuinely trying to learn from this instead of just moving on and repeating it a third time.

View original on thelemmy.club
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trading_and_crypto_memes·Trading and Crypto Memesbyharoldmason

USDT Nightmare

Custom USDT tokens are now being hawked through some Telegram accounts, such as this one https://t.me/blockzenn. Originally created for legitimate testing, they are increasingly being misused on cryptocurrency platforms and exchanges and are being swapped for fiat currency. These tokens appear fully legitimate on the blockchain and can be obtained cheaply, posing a critical security concern within the crypto ecosystem. Below is a screenshot of the custom USDT I purchased for a few USD

View original on lemmy.world
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