Post
Topic
Board Trading Discussion
Re: A little sad story
by
pawanjain
on 18/04/2021, 16:23:29 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.

Rip

RIP

I know how that must feel since I had also liquidated all my balance on leverage trading. At first I was happy since I had doubled my initial capital.
But then the market fell and all my balance got liquidated. But yeah, even though I lost the amount I got to learn a lot from it.
We can never predict how the market will behave and it's pretty much a gamble in itself.
So be happy that you didn't lose your actual money and just played with the bonus money.