I think people who use margin, should also consider the macro situation(stagflation, printer decides next events). So many people in the whole sector get liquidated, because they can’t separate when it’s time for margin. Now was the time to wait for the bottom and get a nice spot buy, i literally saved cash since weeks for this.
When I first ran into trouble, a friend that I told started out with a friendlier, more polite version of, “Are you freaking crazy!?” He then proceeded to list things that could go wrong: Everything from surprise political news dumping the market, to Covid-tier black swans, to flash crashes, to... it was a long list.
I knew that he was right, but I was already trapped to the point that I had been adding collateral until all my BTC was in that account. (I started by risking only a small proportion, which I could and should have written off as a loss.)
Thats unfortunate, however youre one of the smartest people i saw on this forum, im sure you will build back up. And im sure you know what to do in the future, so i wont mention it. Were all down sometimes, what matters is how we deal with it and build back up.