The experience I narrated below should not be taken as a trading recommendation.

It all starts with a banner like this one, or a friend sharing with you a super appreciation with a big pump or dump.

In my case, it's Eugenie Mce (aka praeponere - https://twitter.com/praeponere), an NFT artist, he's a good guy here in Brazil, from the northeast, he eats flour and chases thieves.

I've already left this high-risk market, so I'll tell you why and how my saga was in this insane adventure. But I can't help but pay this tribute to Eugenio, who from time to time sends me these screenshoots, chicken flights, wanting to spread honey in my mouth.

Well, so far so good... I just haven't told you yet that he bets on the airdrop dust, and I bet big... and look how it turned out.

Oh... and about the Bonus Giveaway in the banner above ($3265 bonus), you have to do tons of trade/volume to get there. So, forget It. And you can't take it right away either, some ask for five days, otherwise you lose the bonus. And certainly in those five days, you'll have to make contributions and if you're inexperienced like me, you lose everything, then they don't have to pay anything. Do you understand the move?

Regardless, let's go. I'll tell you my story with this.
It all starts with a job vacancy available to Brazilians at Bitfinex. I thought I would do well and sent my resume. In fact, they liked my resume and sent me a test to get admitted. I was doing well on the test, ID transactions, spot trades, until I got to the blessed futures and leverage, something I had never approached for fear.

Yeah, faced with this situation, I decided to make a contribution to Bitfinex and learn how it works. Well... my stakes were high for a beginner, I guess things got off to a bad start.

I guess I had beginner's luck, but I didn't lose right away. I lost a little and won a little, my forte was never much technical analysis, I think I'm more of a fundamentalist. I'm in the wrong place as a speculator.

With the help of a friend like Eugenio, we can even learn and earn some airdrops. That's what I did, because Eugenio shares some promotion or giveaway on Twitter every day. Like him, I am also a bounty hunter and I also have an account on almost all exchanges available on Coingecko.

And this future insanity continued...

Luck is on our side, so let's keep going! 🍀🎲

The sequence you will see below is the result of weeks of experience and observations. Do not repeat this at home!

LINK/USDT - Phemex

KAVA/USDt - KuCoin

I made some crazy strategies, the market was in bear, very bad for any position against the current, a LONG there would be suicide. But for those just starting out, any dump looks like rock bottom. So, good luck on a LONG bear market...

Until the present moment, I was still betting low and I had neither gains nor losses. However, there was a moment when the business started to get dangerous, this happened at Bitmart and MEXC.

Both have good compatibility with the Algorand network, in the case of Bitmart deposits are very fast and in the case of MEXC it has support for stablecoins (USDt-algo and USDC-algo).
As already mentioned in other posts (Algofi protocol), there I can borrow and collateralize using ALGO and Stablecoins.

ALGO/USDT - Bitmart

A bad entry in this pair meant I had to add more margin to not get shorted. That's really dangerous, that's like a black hole, I closed a position at -120 USDt, not to lose anymore.

This dangerous game made me want to recover, I entered some airdrops, I managed to raise 50 USDt of airdrops and I fought to recover this negative balance.
I started swimming against the tide, the tide was SHORT, so I learned the lesson and SHORT'em all.

It was going well on SHORT, I started to get confident about it, I recovered almost everything that I had previously lost, and that's when the business really goes to a more decadent level.

I closed some ALGO, SOL, LUNA, ETH, MATIC positions on profit.

Get ready because there will be big shit ahead.
I was conscious in insanity. Sober in addiction.
I had decided to leave on a draw, lost some assets, recovered almost 100% of them and paid some trade fees. Well... I got some experience with all that.

That was it... I assumed that it really wasn't for me, I couldn't stay until I got the dreamed MOON.

I closed all positions and decided to leave only 10 USDt left in KAVA/USDt.

When I went to send it to the FUTURES--->SPOT wallet there was a typo. I leveraged 50x KAVA/USDt in LONG, however, I typed 100 instead of 10.
Shit was done!

KAVA/USDt - MEXC

15 minutes later when I noticed that something was wrong, I didn't have enough money in my spot account, I went to check and notified the error.
The market had just dropped and was already losing again, I didn't believe that and really when you are highly leveraged, you will need to add more margin to not be liquidated. I was on a CROSS 50x.

That means all my guarantees could be liquidated in that.

I added more margin so that what I feared did not happen...
And in the end it happened...

At least it did while I was withdrawing more from my wallet to add more margin... at least the loss was smaller.

I got liquidated off mercilessly in one big dump. 

200 USDt down the drain.

Here are some lessons I learned from this. It cost me dearly!

• Be careful in LONG in bear market, don't swim against the current;
• Be careful in CROSS with high leverage;
• Never leverage too high, especially in a market with high volatility;
• It is better to lose while still losing little;
• It is better to take a partial loss than to lose everything;
• Do not venture out without knowing exactly what you are doing.

If you still don't have an account on the exchanges below and want to try, I'll share my referral link. Feel free to join through it!

You will be able to help me recover and I will be happy to share 50% of my commissions in fees.

Call me in the comments!

Comment what you think of this crazy adventure.

MEXC - https://www.mexc.com/register?inviteCode=1KRtT

Bitmart - https://www.bitmart.com/register-referral/en?r=Abfvwk

Bitget -  https://partner.bitget.com/bg/renan (Exchanges reserve data available) 

Phemex - https://phemex.com/pt/register?referralCode=IC6LF5 (Exchanges reserve data available)