Let me tell you about something that happened in 2021. Actually, things were pretty stable back then. I made a solid profit during the 5/19 dip, pocketing tens of millions in profit, so I thought I’d take a break for a bit. But then, at the end of June, things got weird—Bitcoin made a false breakout around the $29,000 level. I thought it was a reversal signal so I increased my position, but then it shot up to $40,000 and crashed again, wiping me out completely.

But that wasn’t even the worst part. After getting liquidated, I still had tens of millions in cash flow left. Logically, I could have taken some time off or waited for a better entry point. But then another problem hit: my family suddenly wouldn’t let me use the backup funds. With my liquidity cut off, I started borrowing money everywhere to fill the gap, but the more I patched things up, the bigger the hole became.

Looking back now, if I hadn’t had liquidity issues at that critical moment, the story might have been completely different. So when it comes to trading, technical analysis is important, but capital management and contingency planning are even more crucial—the market won’t give you a second chance to make the same mistake.