Binance Square

起愿-不要说其实本来

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Second Liquidation Since I lost the 260U I deposited last time, I've been playing on a simulated market. It's been exactly a week now. This time, I'm playing the simulated market seriously, starting with 4000U. This week, I managed to reach 5500U, consistently trading major coins and never touching altcoins, always using 10x leverage with a 10% position. Very serious. Today, the market was incredibly stable, and I was just bored. I had a thought about playing with altcoins. Also 10x, 10% position. I made one trade first, earning 200U. Then, the second trade blew up, coinciding with a spike, and it got liquidated in one minute, without even having time to react; it wasn't even a holding position. I lost 1000U. Can't play with altcoins; it's too easy to manipulate funds. All the effort from the past week was wiped out in an instant. From now on, I will only trade mainstream coins!!!! Another issue is that I used 10% of my position; the margin was originally just over 500, but when the first near-liquidation happened, the margin automatically increased to over 900??? This led to the 1000 loss. Does the margin increase automatically? Is it isolated margin mode? Sigh, I felt hopeful when I reached 5500 tonight, but then suddenly lost 1000. Altcoins have no stop-loss, no trading. {future}(LIGHTUSDT)
Second Liquidation
Since I lost the 260U I deposited last time, I've been playing on a simulated market. It's been exactly a week now. This time, I'm playing the simulated market seriously, starting with 4000U. This week, I managed to reach 5500U, consistently trading major coins and never touching altcoins, always using 10x leverage with a 10% position. Very serious.
Today, the market was incredibly stable, and I was just bored. I had a thought about playing with altcoins. Also 10x, 10% position. I made one trade first, earning 200U. Then, the second trade blew up, coinciding with a spike, and it got liquidated in one minute, without even having time to react; it wasn't even a holding position. I lost 1000U.
Can't play with altcoins; it's too easy to manipulate funds. All the effort from the past week was wiped out in an instant.
From now on, I will only trade mainstream coins!!!!
Another issue is that I used 10% of my position; the margin was originally just over 500, but when the first near-liquidation happened, the margin automatically increased to over 900??? This led to the 1000 loss. Does the margin increase automatically? Is it isolated margin mode?
Sigh, I felt hopeful when I reached 5500 tonight, but then suddenly lost 1000. Altcoins have no stop-loss, no trading.
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Rookie's second week of experiences in the circle If it weren't for the last article, I would guarantee that I wouldn't deposit money again this month; if I did, I would face daily liquidation. I really want to deposit money啊Ծ‸Ծ I profited from the short position last night using a demo account, and I accurately hit the lowest point at the highest point. Haha, but I must say, the feeling of a small position with low leverage is really good. Looking at that distant liquidation price, a sense of peace arises. For the bragging of some all-in high-leverage traders in the square, I don't feel like saying "I wish I had gone all-in too". Instead, I feel a sense of sorrow for these gamblers (●—●), I was once one of them. Of course, I only got liquidated once. I don't seek great wealth; this is my second week in the circle, and I hope to become a long-term investor. The cryptocurrency circle is just a part of my assets for seeking profits. Speaking of this, let me set a flag for myself. I can engage in contracts, but the limit for contracts in this lifetime is 1, and the maximum deposit limit is 10% of my assets. Additionally, for each trade, I need to take a 30% profit fee, to be given to the principal bank. After returning the principal, the count resets to zero. Hahaha, a rookie dreaming. But it's just one of life's attempts; the world is vast, and the cryptocurrency circle is very interesting.#
Rookie's second week of experiences in the circle
If it weren't for the last article, I would guarantee that I wouldn't deposit money again this month; if I did, I would face daily liquidation. I really want to deposit money啊Ծ‸Ծ
I profited from the short position last night using a demo account, and I accurately hit the lowest point at the highest point. Haha, but I must say, the feeling of a small position with low leverage is really good. Looking at that distant liquidation price, a sense of peace arises.
For the bragging of some all-in high-leverage traders in the square, I don't feel like saying "I wish I had gone all-in too". Instead, I feel a sense of sorrow for these gamblers (●—●), I was once one of them. Of course, I only got liquidated once.
I don't seek great wealth; this is my second week in the circle, and I hope to become a long-term investor. The cryptocurrency circle is just a part of my assets for seeking profits.
Speaking of this, let me set a flag for myself.
I can engage in contracts, but the limit for contracts in this lifetime is 1, and the maximum deposit limit is 10% of my assets. Additionally, for each trade, I need to take a 30% profit fee, to be given to the principal bank. After returning the principal, the count resets to zero.
Hahaha, a rookie dreaming. But it's just one of life's attempts; the world is vast, and the cryptocurrency circle is very interesting.#
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After experiencing my first liquidation in life, as a newcomer, I was initially very cautious. However, with each profitable trade, my excessive timidity prevented me from making even more profits. "Greed" then took action. It first encouraged me to increase my leverage, then urged me to wait for more profits and continued to persuade me not to listen to the stop-loss advice from others (I lost big on two occasions because of stop-loss orders). There's not much to say; I deposited 1800 yuan, and now only have 80 left (with ten still in the spot market). I’ll play with the remaining 70 yuan casually, and then I’ll be content. On the first day, I gave myself this name to remind myself, but unexpectedly, I still ended up gambling. Perhaps this circle is not suitable for me. However, my original intention hasn't changed; I won't make a second deposit in December! No matter how great the opportunities are, they have nothing to do with me. If I make another deposit this month, I wish myself a daily liquidation and eventually go bankrupt!!!
After experiencing my first liquidation in life, as a newcomer, I was initially very cautious. However, with each profitable trade, my excessive timidity prevented me from making even more profits.
"Greed" then took action. It first encouraged me to increase my leverage, then urged me to wait for more profits and continued to persuade me not to listen to the stop-loss advice from others (I lost big on two occasions because of stop-loss orders).
There's not much to say; I deposited 1800 yuan, and now only have 80 left (with ten still in the spot market). I’ll play with the remaining 70 yuan casually, and then I’ll be content.
On the first day, I gave myself this name to remind myself, but unexpectedly, I still ended up gambling. Perhaps this circle is not suitable for me. However, my original intention hasn't changed; I won't make a second deposit in December! No matter how great the opportunities are, they have nothing to do with me. If I make another deposit this month, I wish myself a daily liquidation and eventually go bankrupt!!!
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#新手小白 I hope all the seniors take a look as they pass by, just to support the past version of myself. By accident, through AI connections, I entered the cryptocurrency world, which I had never encountered before. Seniors in the crypto space, do you have any advice? My situation: 1. I am very cautious by nature and plan to first try a simulated trading account for a month before deciding on the amount to invest. Also, I will not make a second deposit within a year. If I lose it all, then so be it; I absolutely will not reinvest to chase losses. 2. I started operating the simulated trading account last Wednesday. To understand the situation, I have been using 5-10x leverage on contracts to enhance volatility. 3. I mainly try ultra-short-term trading to understand the operational logic. I take a small profit and leave; I absolutely do not get greedy. Generally, I set a profit target of 10%-20% before exiting. 4. I almost never set stop losses; I prefer to wait for a rebound. However, I will not expect rebound profits when the situation is unclear; I usually set an exit with a loss of within 10%. 5. Currently, for four days, every operation has ended in profit, with the highest single position profit at 86%. 6. Yesterday, I ended up flat, with a total profit of over 110%, but I couldn't control my impulses before sleeping. I shorted ECT with 10x leverage without any understanding, just on a whim, and I am currently stuck with a loss of over 30%. Waiting for a rebound, I have set a 10% loss to exit. {future}(ETHUSDT)
#新手小白
I hope all the seniors take a look as they pass by, just to support the past version of myself. By accident, through AI connections, I entered the cryptocurrency world, which I had never encountered before. Seniors in the crypto space, do you have any advice?
My situation:
1. I am very cautious by nature and plan to first try a simulated trading account for a month before deciding on the amount to invest. Also, I will not make a second deposit within a year. If I lose it all, then so be it; I absolutely will not reinvest to chase losses.
2. I started operating the simulated trading account last Wednesday. To understand the situation, I have been using 5-10x leverage on contracts to enhance volatility.
3. I mainly try ultra-short-term trading to understand the operational logic. I take a small profit and leave; I absolutely do not get greedy. Generally, I set a profit target of 10%-20% before exiting.
4. I almost never set stop losses; I prefer to wait for a rebound. However, I will not expect rebound profits when the situation is unclear; I usually set an exit with a loss of within 10%.
5. Currently, for four days, every operation has ended in profit, with the highest single position profit at 86%.
6. Yesterday, I ended up flat, with a total profit of over 110%, but I couldn't control my impulses before sleeping. I shorted ECT with 10x leverage without any understanding, just on a whim, and I am currently stuck with a loss of over 30%. Waiting for a rebound, I have set a 10% loss to exit.
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