There must be a lesson here. We always find justification for some market play. Sometimes we can even be totally right: The guy shorting NFT because it is a scam when it was beginning would be right, but would lose a lot of money for 1 year before the market agree with him.
Probably why money management is more important than the entry point: Fix a stop loss and stick to it. And have a stop gain more than 2 time bigger than your stop loss (so even if you're right only half of the time, you'll make money)
This dude lost big. Good thing he is only 19. He has plenty of time to bet on something else to pay this one off.
Bankruptcy. He clearly can't afford it. Pull the ripcord and start over.
I totally agree. I was kidding about betting on something else.