The altcoin I'm referring to is WLD. I ended up stopping out at around $500,000. Every time I thought there was a real breakout, I entered, only to get stopped out again. Liquidity issues and position sizing caused me to suffer severe drawdowns. I thought I had reduced my leverage by only using 8x and 5x, but I overlooked the fact that for an altcoin like this, even those levels are effectively high leverage.
kking2020Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.