I paid back all my trading losses for 2 days

I paid back all my trading losses for 2 days

By MadMaxx | Psycho Crypto | 26 Dec 2019


Leave a tip if you find this post interesting!

In another crazy experiment of mine, I paid back all my losses while trading crypto for 2 days!

From my personal account!

Want to see why and how it played out?

Keep reading!

So I came up with the idea of paying back all my losses for 2 days.

It seemed a good idea, because it forced me to invest a lot of the money I would otherwise have spent 

The rules were simple: I do my TA very well before entering a trade, and if it goes against me, I pay back the losses.

So how did it turn out?

I started with 200 dollars in trading money.

And on day one, I lost about 50 while I gained about 13.32.

So I paid back the balance to bring my equity back to 200 dollars.

The second day, I lost about $10, while I gained a measly 5 dollars. The market wasn't kind that day.

So I paid back my loss to bring my equity back.

What did I learn from that?

Seeing as I was forced to pay back my losses, I traded much more carefully than I otherwise would have.

I still made losses and stuff, but they were minimal.

But I also noticed that I traded to avoid losses instead of male profit.

So the entire aim of trading was thereby defeated.

Tell me your thoughts down below!

How do you rate this article?

0


MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.