Borrow money to trade

[RazerMouseMobile]

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trading in spot will not making someone losing $1500 within 3 days, because even BTC market very volatile, lets say his friends entry at $66.9K (july 2026) and based on today price (at this post) $62.9K,
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he just losing 6% from his capital. and it wouldn't affect anything for him, right? but it will be different if his friends playing with high leverage to get instant profit. i agree it's just a gamble not a trade anymore, because he buy a prediction for "short" or "long", if the prediction wrong just need he can lose faster.

He lost because he did futures trading, and not spot trading. Like what you said, no one will lost that huge of an amount in just 3 days.

It's quite unfortunate to see traders losing money that quick, and this is also the reason why we need to balance our knowledge in trading with the amount of money that we're putting in order to prevent more losses. If we are just starting, just put a small amount of money and always be ready on losing it. Now as you gain more experience, knowledge, and you already have a strategy that works for you then that's the time for you to scale up and increase your capital. Problem with some is that, they want to start big to maximize their profits without thinking of the possible losses that they'll incur.

Trading is gambling for traders who don't know how to manage their risk. I do hope that this friend that OP has shared already stopped trading for a moment and analyze his losses, or maybe quit trading completely if needed.

[terrific]

I still don't understand people who risks money and adds on top of it through taking loans just for them to trade.
That is not free and easy money for you to put up a risk to.

It's because they consider trading to be an investment or job. They imagine it's like borrowing money to start a business, so they can repay it with the profit made along the way. They don't consider the risks involved and the possibility (which isn't low) of losing all the money in attempt to make it grow. Probably they don't have full comprehension of what trading is and how it works, especially crypto trading.

With the wrong mindset and misleading informations taken as true, it's quite easy to make dumb decisions like borrowing money to trade and losing everything on the sequence.

They think that it's money hack for them and will get profit for free by just paying off the loan later.
It can work for the very few traders but, it's not going to work for the most people.
That's a very wrong mindset there and they'll have to learn the lesson later on when they're almost have no ways of solving that problem they took with its risk.