The recent correction of the cryptocurrency market has taken many investors by surprise. One of them was the famous trader Kaleo.
This Wednesday (7), the trader reported on Twitter that suffered a loss of $ 1.3 million. The corrections took place just while he slept, and exceed R $ 7 million.
After the incident, Kaleo reflected that the bull market’s adrenaline blinded him to the risks:
“My feelings blinded me to something that, looking now, was a clear sign of weakness in different cryptocurrencies.”
“Caught by surprise”
Kaleo says that after sleeping, all of his stops were triggered. However, he did not go down and re-enter BNB, XRP and TRX.
As of Tuesday (6), the trader had already suffered a loss of almost $ 77,000. Compared to today’s leak, the damage was small.
When analyzing the scenario, the investor demonstrates that he was “taken by surprise”. At one point, Kaleo says he should have taken a more critical stance:
“Literally, the only chart on which I predicted the fall was BNB, and fortunately I had the means to get out. I should have questioned the potential correlation of this weakness with other charts after I made this move. ”
Trade is no joke
Kaleo is a well-known cryptocurrency trader with more than 140,000 followers on Twitter.
Several other great traders commented on the publication, congratulating Kaleo for showing the public that traders’ lives are not just about earnings.
Shardi B, a famous Twitter trader, praised transparency and thanked for highlighting the risks of the trade. According to her, the corrections also took her by surprise and generated a loss of US $ 150 thousand.
Pentoshi, another famous trader, decided to emphasize the “positive” side of the loss. According to him, a year ago Kaleo would never have imagined having so much money to lose and remain operational.
In fact, Kaleo commented in a recent publication that he had been bankrupt for a year. Despite the severe loss, the trader has already positioned himself in other cryptocurrencies and said that “will take two steps forward for each step taken backwards”.
The trader’s conduct exemplifies that one of the most important characteristics for a trader is emotional intelligence.
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