This is why I never trade #Bitcoin
Yikes
Discussion
Leverage and short trades are a very risky game. I guess you can win big if you nail it, but you can just as easily, or more easily, lose it all if the market doesn't move how you anticipate. I prefer the straightforward stack and hodl. The benefit is incremental, but there's no really any downside. I don't have the stomach for those gambles.
I definitely agree
I actually tried it and said nope not doing this anymore.
You're actually lucky you didn't win. Because then you'd be hooked, and chasing that initial success. Same thing happened to me with scratch-offs. I bought one on my 18th birthday, and one $100. I spent the next 5 years buying those things hoping to repeat that early success. Never won again. And I wasted how much money on tickets chasing that one win? Same goes for short trades and leverage. You're lucky you lost and the sting kept you from messing with it again.
FACTS