Lost 30% of my Net Worth After Last Month CPI Release

Hey guys. So it's as the title says. I'm not looking for sympathy but hoping so other can learn from my mistakes.

A little background that I'm trying to finish university and live on my own. I know alot of economics, read up alot and was sure the inflation reading would come out hot. So I made a max leveraged short ETH position expecting things to work great. And it did. Initially.

Within minutes of the 8:30ET release prices absolutely tanked. I considered taking profits but said what the heck the numbers are so bad I must be sure to make a lil extra or at least I won't lose much. What I did NOT expect was prices to skyrocket, as BTC went from barely above 19,000 ripping straight up to 24,000 over the following days. By then I'd lost about 60-70% as the exchange autosold. Then being greedy I tried to short IMX that had me lost another 15ish% and then I got in late to the VGX "recovery/buy-the-dip" bull run after their mess and lost pretty much the rest.

I've learned alot.

1. Traders have a saying "Markets can remain irrational longer than you can remain solvent". The (initial) trade made sense but the market didn't care.

2. It sounds obvious but when there's a chance to make a killing there's also a risk to lose it all. It may probably be better to make less risky trades and accumulate profit slowly.

3. If shorting, always have enough funds to buy back. Never be stuck where you don't have enough to exit a position.

4. There are cheap coins like Uniswap and IMX compared to BTC that give greater proportional gains in a bull market. These can be a blessing and a curse. If you get in just before they drop you lose a lot and vice versa.