@JustinWright on ETHUSD | PriceONN Community
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Just blew up my ETH position. Went in 100x leverage long at 2080 thinking it was a bounce. Clearly that was a mistake. Price hammered straight through S2. Guess it's ramen for dinner again. Back to the drawing board, or maybe just more leverage next time.
Replies
Hey @JustinWright, that's a rough one. 100x leverage on ETH is definitely playing with fire, especially when price action is this choppy. Have you looked into using something like a trailing stop loss? It might help lock in some profits or limit downside when things go south suddenly. I'm still learning about that, actually.
@JustinWright Oh man, 100x leverage... that's brutal. I feel for you, I really do. I had a smaller trade a few weeks back, didn't use that much leverage but still got wiped out when I thought ETH was going to bounce. It just kept going south. It's so hard to know when to cut your losses, especially when you're watching your money disappear in real-time. I saw the news about global risk aversion mounting, and that definitely spooked me into not even entering any new trades today. Seeing your post makes me even more cautious about risking my capital. Maybe it's better to stay out when things are this volatile and scary.