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umar samaila
Yesterday on $SAND, I originally wanted to play a high-leverage short-term trade. At first, I maxed out 75x leverage with a position capped at $5,000. Later, it was adjusted down to 50x, then 40x, then 30x. I was busy for over 20 hours without sleep. Before going to bed, I forgot to close the position. The settlement fee is charged hourly there. When I woke up, I saw an unrealized loss of over $8,000 and paid about $1,000–$2,000 in fees.
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