Playing with the RVV coin is really exhausting. My first two trades were somewhat okay—shorted at 0.64, and although I was stopped out a little later, it didn't cause much damage, losing about a dollar or so. Later, I took profit successfully at 0.55, thinking I had found the rhythm.
Who knew that when it pulled back near 0.64, I felt the pressure level had been reached, so I opened a short at 0.6. But this time was different; I was greedy—taking a too large position. As a result, I got caught in one go, and adding to the position didn't save me. In the end, I had to cut my losses in despair. After all this back and forth, I lost over 100U on this coin.
Now I realize that RVV's volatility indeed makes it easy to fall into traps. Ultimately, it's my own poor risk management.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
BlindBoxVictim
· 12h ago
Greed is the original sin; this loss was worth it.
View OriginalReply0
SchroedingerAirdrop
· 12h ago
Greed is the biggest enemy of trading. The tuition fee of over 100 US dollars isn't much, but the key is that I have gained insight.
View OriginalReply0
StealMyMilkRetirementFundTo
· 12h ago
Yeah, either keep a consistent margin and leverage, or your mindset can easily blow up.
Playing with the RVV coin is really exhausting. My first two trades were somewhat okay—shorted at 0.64, and although I was stopped out a little later, it didn't cause much damage, losing about a dollar or so. Later, I took profit successfully at 0.55, thinking I had found the rhythm.
Who knew that when it pulled back near 0.64, I felt the pressure level had been reached, so I opened a short at 0.6. But this time was different; I was greedy—taking a too large position. As a result, I got caught in one go, and adding to the position didn't save me. In the end, I had to cut my losses in despair. After all this back and forth, I lost over 100U on this coin.
Now I realize that RVV's volatility indeed makes it easy to fall into traps. Ultimately, it's my own poor risk management.