My entire portfolio was liquidated in minutes (huge mistake with stop loss!)
Posted: May 04, 2024
- Extensive analysis done on stocks, technical, fundamental, and sentimental factors - Saw various indicators suggesting a bullish trend, including moving averages, Fibonacci levels, and candlestick patterns - Made a high-risk trade with leverage and a stoploss, expecting a 17500% return - Position was liquidated due to incorrect strategy and stoploss placement - Concluded that trading is not feasible and the only way to profit is by selling courses
Summarized top reddit comments: - Lack of understanding of financial terms led to liquidation - Advice from financial adviser ignored - Confusion over technical chart analysis - Disdain for stop loss strategy - Humorous comments on expensive purchases and drug use - Mention of risky trading behavior
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