DAY 12

Practical knowledge II—
Here is what I often say about when you have margin.
But this is a different case where I fumbled my trading rules.
I don't expect any of you to do this.
Except if you're good with taking huge risk based on how large your trading capital is.
Yesterday, I entered $ON.
It dumped to bad to the point I was in over $130 loss, although I screenshoted it before the highest loss price of $130
But I left it since I had a higher margin and was willing to risk a whooping $200 on that one trade, because that's where I finally set the stoploss if you check the screenshot you will see it.
This morning, it bounced back and already in profit.
Remember, if it didn't bounce back I would have been in over $200 loss and not $20 loss which would have been a mess of my portfolio. $200 loss in a single trade is enough to take 10 trades which will give you great odd to win at least 3 out of 10.
So, ONLY do this kind of risk when you're using a lot of capital.
Also when you're sure the coin will eventually bounce back.
Aside that, stick to your 50% or 100% loss for 200% to 300% profit before the final holding for greed pump