Don’t wait until you get a liquidation SMS to remember those three words: “liquidation price.”
$ETH is now trading at 2339, down 3.3% in 24 hours, after hitting a low of 2329—the current price is just half a percent above the low. For anyone in a 20x leveraged long, that half a percent can mean the difference between life and death.
Liquidation price isn’t some mystery: after opening a Binance futures position, you can see it clearly in the “Liquidation Price” field on the position page. You can also estimate it with a calculator before opening a position. Remember this: the distance between your liquidation price and entry price is your margin for error. With 20x leverage, a 5% move in the opposite direction and you’re wiped out. Always set your stop-loss before your liquidation price—even if it’s only 2% away, that’s the difference between “choosing to take the loss” and “getting carried out.”
What leverage were you using the first time you got liquidated?
#合约交易 #Beginner’s Guide
I share this kind of survival tip every so often—give me a follow; it can’t hurt.
Not investment advice. DYOR.
$ETH is now trading at 2339, down 3.3% in 24 hours, after hitting a low of 2329—the current price is just half a percent above the low. For anyone in a 20x leveraged long, that half a percent can mean the difference between life and death.
Liquidation price isn’t some mystery: after opening a Binance futures position, you can see it clearly in the “Liquidation Price” field on the position page. You can also estimate it with a calculator before opening a position. Remember this: the distance between your liquidation price and entry price is your margin for error. With 20x leverage, a 5% move in the opposite direction and you’re wiped out. Always set your stop-loss before your liquidation price—even if it’s only 2% away, that’s the difference between “choosing to take the loss” and “getting carried out.”
What leverage were you using the first time you got liquidated?
#合约交易 #Beginner’s Guide
I share this kind of survival tip every so often—give me a follow; it can’t hurt.
Not investment advice. DYOR.