Post
Topic
Board Trading Discussion
Re: A little sad story
by
fullhdpixel
on 15/04/2021, 22:34:09 UTC
So I got some bonus from bybit.

I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.

Got liquidated soon after.

Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Sorry about that, you’re not the only one that it has happened, it has happened to a lot of us that are here, there are times that we have made mistakes like this and ended up missing big opportunities that would have earned us a lot of money, and after all that we learnt our lessons and started to do what’s right to avoid that so that it doesn’t repeat again.

What you’re going to do now is to learn from what happened to you and learn to avoid this same kind of problem repeating itself in the future, know what to do to avoid it. If the problem here is that you’re doing day trading while you’re not good at it, then what you’re going to do is to take time and learn it switch long term.