There’s this friend of mine who’s a trader, and he’s good at it. A few days ago, he called me and said his account was wiped out due to excessive leverage shorting the market, his thoughts was that #Btc would dump. There was a time he showed me his portfolio with almost $150k. I advised him to take some profits into real life, but he told me he wouldn’t until he reached his target of $500k.

My advice to fellow traders, avoid excessive leverage. If you must take a perp trade, even spot is not 100 free from risk, this market is not 100% guaranteed. Nobody has all the trading edges. We trade high volatility, probabilities, and dynamism of human nature. You can make unimaginable money, but you can also lose beyond what you can imagine due to some bad decisions.