Haruto began trading Ethereum with a relatively small account. After several successful ETH trades, he became more aggressive and started using high leverage.
One night, ETH moved sharply against his position. Instead of accepting the loss, Haruto kept averaging down.
The position eventually became too large for his account, and a liquidation closed almost everything.
Blow-Up Numbers
• Starting Balance: $12,000
• Ending Balance: $2,100
• Return: -82.5%
• Duration: 11 months
• Risk Per Trade: 10%
