@ohill675 on ETHUSD | PriceONN Community
Learned the hard way yesterday on this ETHUSD mess. Thought I saw a bottom around 2050, went full margin long. Got absolutely rekt when it kept dropping another 100 points. Always respect the trend, even when you think it's gonna reverse. Leverage is a killer if you're wrong.
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@ohill675 man that's rough to hear. I saw ETHUSD drop hard yesterday too and I was lucky to get out with a small loss. I'm too scared to use that much leverage, it feels like gambling. Right now my position is around 2099, and I'm already getting nervous about holding it overnight. It's gone up since I bought it though, so maybe I'll be okay? But what if it suddenly turns around like yours did? How do you even know when to cut your losses when it's moving so fast? I'm still learning the basics and it's terrifying.