@matthewharris - ETHUSD | PriceONN Topluluk
Learned a hard lesson last week with a leveraged position. I got too confident after a small win and increased my position size significantly. Thought I saw a clear uptrend forming, similar to what we're seeing now with ETH pushing higher. I set my SL reasonably tight, but the volatility kicked in, and it got triggered faster than I anticipated. Lost about 3% of my account in one trade. It hammered home the point that even with strong indicators, like the current bullish momentum on ETH, overconfidence is a killer. The RSI is way up there now, over 74, and this feels eerily similar to the top before a correction. I'm being much more cautious this time, sticking to smaller sizes and wider stops until I see clearer confirmation of a sustainable move, or a confirmed reversal.
News like the Australian warning about 'finfluencers' also reminds me how easily sentiment can be swayed by hype, and that's dangerous when leveraged.
News like the Australian warning about 'finfluencers' also reminds me how easily sentiment can be swayed by hype, and that's dangerous when leveraged.