Welcome
As I am very new to the platform, first I deposited 50 USDT, and with proper risk management, I was able to grow it to 240 USDT.
Out of curiosity what leverage did you use? Personally, I rarely go beyond 10x
As you can see, I lost everything on the following day. So I did kind of an Analysis after this loss. The simple reason is that, I went out of my trading plan. For every trade that I have won, I had risked only a 10% of the balance (yeah I know it is higher than the usual, but I risked a bit more), For this loosing trade (on CTKUSDT), I had to increase my margin almost the max. Reason is that I did not wait for the best price, but jumped into buying. Had I waited for the best price, I would have had a balance of 2000+ USDT in my wallet.
Yeah, I see where you made a mistake. This kind of trading requires a lot of discipline. You stick to the rules and your strategy no matter what, so long as it's working
Also I am planning to share my way of trading here, If any of you new to crypto trading and still finding a way to be profitable in leveraged trading, stay tuned!. This thread will be useful for you. Put enough effort to get your eyes familiar with the charts, and you will be able to read the price movement better.
I would be glad if you do. We learn new things every day and such threads can be helpful.