I almost took a big tumble on $PIPPIN just now!
I only wanted to open a long position to test the waters, but when I switched to the isolated margin mode, I didn't pay attention— the system directly pulled me to 50x leverage. The order was just executed for less than a second when the liquidation alarm started popping up like crazy, and my mind went blank at that moment.
Fortunately, I was using isolated margin; if it were in cross margin mode, the volatility of this position could have wiped out the entire account. Thinking about it now still sends chills down my spine.
A reminder for everyone: if your positions are relatively diversified, I strongly recommend using isolated margin mode. Although cross margin has a higher capital utilization rate, the drastic volatility of one cryptocurrency could drag down all positions. Don't be like me, almost losing my principal due to a setting mistake.
