This is my sad story. I started trading with margin recently. I was going good, made 400% profit trading in 1 week and today I got drunk and went party with some friends. Without thinking much I have opened a long position with 10x margin and I got liquidated from all my profit + initial investment cause I was thinking emotionally instead of thinking rationally.
So, if you start trading or investing, do it while sober and do it rationally. Follow the red candles and not the green ones and AVOID AT ALL COSTS TRADING WHILE UNDER INFLUENCE OF ANY SUBSTANCE.
Set your limits, take your profits but never go too emotional while trading, that's my today's advice after losing a lot of money.
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