Losing $100 Million on $BTC future

[Futurexxx]

The dude is in net profit from trading, he only used a much higher leverage on that trade and somewhat got liquidated.

A rich person like him suppose not use leverage at all which is the reason he lost so much. Using millions to trade can give high ROI without using leverage but I do not know the reason he is using high leverage to trade which is just greediness and he got liquidated. If he is not careful, he may later go broke or he should just change.

This is just the big problem of most traders, they tend to use high leverage to trade even when they are using a very huge sum of money to trade, I don't really know if it's because of greed or what but they forget to understand that when using high leverage, as you were able to make a lot of money very quick, you can also lose a lot of money very quick, and upon all this experience, most lads will still not learn to use low leverage or no leverage at all, with such margin he can make a fortune by single trade, but he still went ahead to be using high leverage, I just hope that he learned his lesson from this big loss

[Ndabagi01]

It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $100 Million on $BTC future just in a week, the more he tried to back his trade by longing it on cross the more it went down. He lost everything and started telling people to donate to him in order to fight the market back.
In all of these i learn not to fight market back no matter what!

This is just an example to show that no matter the amount of money or how rich you are, when you lose money, you’ll really feel some kind of sadness in you, your emotions will come into action. He risked more than he can afford to lose in my opinion and all that happened because he wanted to get back at the market even when it was not in his favour and was on a losing streak. Now he then feels the market is manipulated and think having a lot of money in his possession will make him also manipulate the market in his favour. You can’t fight the market back, just risk what you can afford to lose and let the market do its thing. This is a very big loss and I hope he learned his lesson now.

[Issa56]

Futures trading is the riskiest trading platform where can lose everything in an instant. This guy lost $100 million which we can't even imagine. We must learn from this that futures trading can take us down the road in an instant. The guy may have used high leverage due to which he lost $100 million very quickly. Let's push away the greed or passion of those of us who have the passion or greed to do futures trading.

Some people prefer to go into future trading just because of the high reward in it, but they don’t even think about the risk involve in it. Am always suprise when I see even newbies trading future trading, people that are still learning, and they are suppose to be in spot trading, but they also are after high profits, and they decide to go for future trading which doesn’t make sense.

Someone just lost $100 million, that’s really a huge amount of money, anyone that will be confident enough to trade with that amount of money, then you will know that the person have been in trading for long time, but as we can see, the person still lose that amount of money, so we are suppose to know that future trading is so risky, and we should try and avoid it if we can. If you want to trade just focus on spot trading, you can make money from there also, and if you are involving yourself in future trading, then make sure you are using low leverage.