AI Robotics CEO got margin called 4x after using his own shares as collateral to buy more shares
"The price dropped way more than I expected"
"I took out a stock-backed loan using my own shares as collateral to buy more shares... and I got 4 margin calls"
"They call you in the morning. Pay X amount by noon today"
"This is seriously bad. Not joking. Stocks are terrifying"
When conviction meets liquidation cascade 💀
Classic degen move: leverage your own equity to buy more equity in a downtrend. This is what peak bag-holding looks like in TradFi.
Crypto natives know this pain well - but at least we don't get phone calls at 9am from our CEX telling us to deposit more $USDT or get rekt.
Lesson: Don't lever what you can't afford to lose. Even if you're the CEO.
"The price dropped way more than I expected"
"I took out a stock-backed loan using my own shares as collateral to buy more shares... and I got 4 margin calls"
"They call you in the morning. Pay X amount by noon today"
"This is seriously bad. Not joking. Stocks are terrifying"
When conviction meets liquidation cascade 💀
Classic degen move: leverage your own equity to buy more equity in a downtrend. This is what peak bag-holding looks like in TradFi.
Crypto natives know this pain well - but at least we don't get phone calls at 9am from our CEX telling us to deposit more $USDT or get rekt.
Lesson: Don't lever what you can't afford to lose. Even if you're the CEO.