Bitcoin Long Liquidated at $119k — Lesson on Leverage
I had a Bitcoin long liquidated; my average entry was $119,215.20 and the position size was $149,138. The position was closed by the market.
This was a costly reminder that leverage and sudden volatility can wipe positions quickly. I'm taking this as a hard lesson on risk management.
I'll be more cautious with position sizing and stops before re-entering; I won't chase the market after a forced exit.
Analysis
Recommendation
Reduce leverage, tighten risk management, avoid re-entering immediately after a forced exit, and wait for clear support or lower-risk setups before buying Bitcoin again.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.