Post
Topic
Board Trading Discussion
Re: A little sad story
by
nelson4lov
on 18/04/2021, 22:39:34 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

Damn, that's as bad as it looks. So sorry about the loss of the funds even though it was freely given. I understand your predicament because I've been in your shoes before (yes, with bybit too) but in my case, I was liquidated for longing bitcoin when it was still battling to get passed $12K resistance back in August - September if I remember correctly. I just told myself that it's free money and that I'll have better chances next time an opportunity like that presents itself. Futures and leverage trading doesn't take time for things to get sour especially if you're wrong.