Turned a 20$ Loss into a 300$ Loss
I never really speak in here but i thought my experience would prevent others from doing the same mistake i did. here i am trading for a while and i was profitable, managed to find an edge and was doing pretty well for a while until greed got the best of me, i started increasing the leverage thinking i can do this, and well my luck was pretty good for a while, until i lost a trade with high leverage, i want people to remember that 300$ is not a small amount to me because i am in a third world country, i lost 20$-30$ in a trade and instantly made another position thinking i can get it back but i didn't, lost again, started to panic, increased the leverage and opened another position, my emotions got to me and i started to not be logical but emotional, even though my mind was telling me the chart should go up and it's just a pullback i was still scared that it won't and i will keep losing, so i closed positions before i gave the chart a chance. kept doing this over and over again while increasing the leverage the more i lose, until without realizing i see "Your position has been liquidated"
I deserve this, i got greedy, forgot everything i learned and started to trade with emotions, kept staring at the chart for hours like an idiot, risked more than 1% of my account, kept increasing the leverage. please don't make the same mistake i made, don't get greedy like how i did.