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Benjamin Cardew
Here we go, another disgruntled trader that just wants revenge for losing all his hard earned money! Well, for the record, I’m not telling you not to use Bybit. I am sure that there are many traders out there that think Bybit is fantastic in every way. It’s just me writing a review of my experience of trading on Bybit and how I lost a lot of money, and more importantly, why. Also, I’ll say the obvious, trading with leverage always puts your money at risk. I have studied a lot of T.A. trading analysis for at least a year before placing my first trade. However, you can do all the TA in the world and look for the strongest setups, matters not a jot! As soon as I place the trade, it reverses, and you might think, ah! it’s just a pullback or correction, you might think, but then the pullback turns into an impulse and keeps on going! You think, I must have read it wrong. So you are now in a losing trade. I’ll bite the bullet and pull out, and guess what, within minutes it reverses and goes in the direction that you originally wanted. Now, I’ve never said that I was a lucky person, definitely not. But when trade, after trade has the same effect on the market my mind goes into overdrive! My little trades are affecting huge markets, really? I was losing, again and again! What was I doing wrong! Stress was through the roof. I was doing the support and resistance levels, fibs, trend analysis etc. Every time the trade went against me. So began to suspect that someone was moving the goalposts. So I started to research and found TJ ‘Spoon Man’ Jacques had had very similar experiences to myself. He’s done a video on youtube 'HOW BINANCE, FTX, BYBIT TRADES AGAINST YOUR POSITION? THE SCAM' https://www.youtube.com/watch?v=lGuv0lEE8yg I thought to do some experiments, and found that if I placed a counter trade in the opposite direction that the market froze! And started to consolidate, it would then fluctuate up and down a few dollars. The algorithms couldn’t cope, whichever way it sent the market it wasn’t making much money, but neither was I, it just proved a point! This is blatantly fraud! So there you have it, you check for yourselves. I hope you don’t have the same experience that I had. I am seeking legal advice at the highest level.
2 years ago
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Hai City Joe has a 1.3 average rating from 11 reviews
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