I lost $817 usdt 🤣 today. The strategy was good, I had written a bot for when the coins drop tremendously to gradually enter Long and take advantage of the rebound. In my experience, this almost always happens, but this time not a single one entered; about 20 coins entered, and my big mistake was doing it through futures. What a stubbornness to program it in futures and not in spot.
Since I withdrew usdt from my account a few days ago to send them to various sub-accounts, it didn't have enough coverage, and they liquidated it. Minutes after the liquidation, the tokens I bought went up by 300 percent. If I had done the same in spot, it would have been excellent profits. Lesson learned:
1. Almost always, a long is easier to lose than a short. I have lost in short but definitely, those losses do not compare to what I have lost in longs.
2. Don't go long in futures, especially when everything corrects. The best is spot for purchases.
That's how it goes; I lost about 8% of my portfolio. It may take a while to recover, but seeing how many traders who had hundreds of thousands of usdt lost everything, I feel it wasn't so bad for me. At least I learn from this, and I have already changed my buying bot when the market corrects a lot, from futures to spot 😎
Since I withdrew usdt from my account a few days ago to send them to various sub-accounts, it didn't have enough coverage, and they liquidated it. Minutes after the liquidation, the tokens I bought went up by 300 percent. If I had done the same in spot, it would have been excellent profits. Lesson learned:
1. Almost always, a long is easier to lose than a short. I have lost in short but definitely, those losses do not compare to what I have lost in longs.
2. Don't go long in futures, especially when everything corrects. The best is spot for purchases.
That's how it goes; I lost about 8% of my portfolio. It may take a while to recover, but seeing how many traders who had hundreds of thousands of usdt lost everything, I feel it wasn't so bad for me. At least I learn from this, and I have already changed my buying bot when the market corrects a lot, from futures to spot 😎