The process is extremely dangerous. After borrowing several times without margin, I was already on the hook, convinced it would drop. By the time I realized, it was too late, and I could only hold on, losing more than twenty thousand. The difference between losing everything and this loss is not significant for me anymore. In fact, it's already a deadlock. To be able to break even would be lucky; it’s actually possible to turn losses into gains. I could wait until 0.8 to sell, but I have already held on for too long, and the emotional stress has become unbearable. As soon as it hits 0.83, I will immediately break even.
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Angelo Pitek nQwb
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You are so lucky! I cut my losses at 1.36, losing 28,000 U. The liquidation price was at 1.7. Mainly, I thought its momentum was too strong. My mindset also changed. The friends in the group said to cut my losses. Don't end up with nothing left. At that time, I still had about 18,000 U. I felt that I had opened too many positions. Several short positions caused my mindset to be unstable. If it were only this position, I should have held on until the end. In the end, I am still too inexperienced. I started shorting from 0.64 and added positions up to 7.2. I added too early. As I recall, it went as high as 0.78. I didn't expect to hit a wall.
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