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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!