I hear of newbie traders who rush to margin trading, and some of them even do it with high leverage. Why won't they lose. They hear of what profit other traders (experienced ones) make from margin trading and think it's that easy. They rush in and are expectedly scourged. For such traders I don't have any sympathy. They allowed their vaulting ambition of trying to hit it big overpower them. Trading isn't a get rich quick thing. It takes time and patience to nurture success in trading. I don't even have to overemphasize that.
I faced the same thing back when I was working in crypto trading bots and all. I have seen so many people who got burned and they wanted to test trading bots as a way to get out. I rarely ever sold to them, I just need them to understand that trading bot will not magically make you money.
It is always about how well you can trade, and then you could use the same concept and tell your bot to trade the way you normally would. If you lost a lot of money on any way, like spot or leverage or whatever, then you may lose money with the trading bot as well. I have seen a guy who lost 20% in 10 minutes, that was the quickest by far and never seen that big again.