NEVER TRADE WITH LEVERAGE ON EXCHANGES!

... and do not store funds on exchanges

This is another story from a member of our community, confirming that the casino is always in the black, while traders are in the red.

A member of our community with UID 10087796 (ByBit) entered a Short position with 10x leverage on the trading pair MANEKI/USDT at a price of $0.002954 for an amount of $82.73.

Although the trade amount is small, financial capabilities vary for everyone. And while I cannot highlight every situation, I consider this one important, proving that trading on an exchange with leverage welcomes your losses, not profits. If by some chance there is a profit - be ready...

Let's return to the trade of the community member.

The quotes for MANEKI collapsed, and the community member saw ±400% profit. But only saw.

The Bybit exchange forcibly closed his profitable position and liquidated his funds. There is neither profit nor own funds involved in the trade.

Why is this so?

As a result of prolonged correspondence between the user and Bybit support, the exchange cited the ADL conditions, under which each trading pair on the Bybit exchange has an insurance fund,

I post on the channel

@investingxromatik