Here is what a friend got wiped out on

$RAVE This time, I lost completely and cleanly.
Among the $28.79 million liquidation volume, there is a part of mine. I was one of those foolish shorts, watching the price surge 132% in a day, constantly topping up margin, being dragged through. The largest single liquidation of $467,792 is not mine, but my 110k dollars is enough for me to sleep in a bridge tunnel starting tonight.
Today I watched my position go to zero with my own eyes; I hit the most extreme wave.
I thought RAVE would follow, but it shot up directly in place. The main force is specifically targeting retail traders like me who are clever by half.
Over 30,935 people got liquidated together; everyone is in the same boat.
Short positions lost over 110k, while longs only about 4 million — the market is just liquidating those of us who are bearish.
I reflected, and the result of that reflection is: I don’t deserve to play this game.
Goodbye, leverage. Goodbye, contracts!