As I write these words, I am about to get liquidated in the wonderful world of crypto.
My trading account could be terminated based on unfavourable market conditions, when I borrowed money in the futures market to place an order that went the wrong way around.
When you trade on margin you borrow money. In the liquidation, the lender claws back the money by selling your assets. Most of the time you lose it all.
So there’s where I am at. Like the captain of a sub stuck to a sandbar in the bottom, I am helpless to find the way back and time is working against my life. I need time to work out a plan.
I tried my best. I really did. I took this into a non-emotional and functional level. Almost like office work. I read a lot. I kept on top of the markets. I learned and grew the little nest.
But the Universe is telling me something different and I have to listen. I chose the wrong trade option -just a keystroke away.
It was to be “Buy Long” not “Sell Short”.
Since the election in the United States, the stars have aligned in such a way that stunned even veterans of crypto that have been through several bankruptcies. The magical bull run of the last week has been a once in a year event, and me and my sub were on the losing side of the war.
I read last night that the current market capitalisation of the crypto market has surpassed the GDP of France. Or the market value of all the silver extracted since the dawn of time.
I really thought that it would not be possible for Bitcoin to rally the way it has now, Remembrance Day 2024.
Remembrance Day. they gave their lives for freedom and never got to be old.
In reality they were scared, cold and hungry and fighting for someone many, many miles away.
They were brothers and lived in fear. So much more scared that I could ever be.
Is this special date a coincidence?
The Universe is telling me something:
This is not your future.
This is not yourself. You are doing it wrong.
You have to re-invent the man. Somehow.
Unconditional surrender. Out of the ashes, a new world awaits to be built and I am ready to be part of it.
Or not. Maybe things will work out and we will return the sub to base. Bruised and battered, but alive.
The important thing is not to panic.