Re: A trader lost over $1 Million + on Binance Feature trading
Why would he bet all the money on PEPE with a long 3x if he intends to turn $1M into $2M? It's so crazy that you can't imagine losing it just like that especially since he started in 2017.
This is what I don't like about futures trading I know if the person puts a stop-lose then it won't lose all but if you ignore it the loss will be faster, more trading on spot you won't lose more but for memes we consider it still the same high risk.
Could it be said that he is so greedy? Or did he just forget to put a stop-lose?
Even on that 3x long wont really be guaranteeing that you are on safer side comparing into those who had put up that 100x or 125x. This is what I don't like about futures trading I know if the person puts a stop-lose then it won't lose all but if you ignore it the loss will be faster, more trading on spot you won't lose more but for memes we consider it still the same high risk.
Could it be said that he is so greedy? Or did he just forget to put a stop-lose?
