Wei started trading Bitcoin after watching BTC make a strong rally. His first few trades went extremely well, which made him believe he had figured out the market.
He increased his position sizes and started using leverage. When Bitcoin suddenly reversed, Wei refused to close his losing positions. Instead, he kept adding more, convinced that BTC would bounce.
A few days later, another sharp move wiped out most of his account.
Blow-Up Numbers
• Starting Balance: $8,000
• Ending Balance: $1,200
• Return: -85%
• Duration: 7 months
• Risk Per Trade: 8%
