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๐ Shorting $KOMA Without SLโฆ A Costly Lesson
$KOMA was trading quietly around $0.0060
No hype. No volatility.
Perfect setupโฆ for overconfidence.
Some traders saw it as โovervaluedโ
They opened short positions
No stop loss.
Full confidence.
Then Everything Changed๐
Out of nowhereโฆ
Price exploded from $0.006 โ $0.014266
Thatโs a +137% move in no time
If you shorted with $100 using 10x leverage (cross margin)
๐ $10,000 wallet backing it
๐ Position loss = $1,370
A single move like thisโฆ
doesnโt just hit your trade
It eats into your margin
Slowly. Aggressively.
It wasnโt about #KOMA
It was about:
Ego over discipline
Confidence over risk management
You donโt lose because youโre wrong
You lose because you refuse to accept youโre wrong
โMarkets forgive mistakesโฆ not arrogance.โ