The story of a margin trader!!!

It is completely real.

The story of a friend of mine who started the market as a spot investor during the 2021 bull season and later thought that his margin brought more profit.

_At first he was earning very well from the margin. Then, in one fell swoop, all his savings and earnings were gone.

_He took out loans to cover his losses. And he entered the margin again. This time he was being more cautious. He was entering the margin in small amounts.

At the end of the day, his balance was decreasing little by little.

This strategy did not work. He just spread the reset over a long period of time, not all at once, and lost again.

Our paths crossed recently.

I asked what he was doing.

He said that he was in a very difficult situation and that his salary was not enough to pay off his loans and make ends meet.

He stated that he took out monthly loans from his close friends in order to slow down the wheel, and that he paid the 6% interest applied by the bank to their accounts every month.

_I asked him where he made a mistake.

__Answer:

He said that he should never have used the 10$ margin gift check sent by #Binance , and that this check caused him to lose his spot balance in the margin.

At the end of the day, I wish I had made my entire investment in #BTC🌪️ and when I received the money, I would have bought #btc piece by piece over 3 years, I would not be in this situation and I would have a balance of +150000$ and I would not have any debt.

The margin is regret. You will eventually lose!!!!

What is written is not investment advice. It's taken from real life. Make your investments by researching them and considering all risks.

Thanks ...