almost 150000 traders were liquidated in the last 24 hours, near 400M usd. one person even got liquidated by 8M~ usd, as appears in the picture below.
and that's not even near to what happened days ago, with $BTC dropping below 100k even big coins like $ETH and $XRP followed. over 1 billion usd were liquidated, and the people publishing huge losses on this forum are becoming even more common than before.
so, to avoid being another statistic, one must remember the obvious:
use low leverage, maintain a low margin% and don't rush in entries, unless you really really know what is going on, and what are you doing.
obviously basic stuff, but sometimes the basics have to be remembered, just like any other skill.
and that's not even near to what happened days ago, with $BTC dropping below 100k even big coins like $ETH and $XRP followed. over 1 billion usd were liquidated, and the people publishing huge losses on this forum are becoming even more common than before.
so, to avoid being another statistic, one must remember the obvious:
use low leverage, maintain a low margin% and don't rush in entries, unless you really really know what is going on, and what are you doing.
obviously basic stuff, but sometimes the basics have to be remembered, just like any other skill.