Guys, today I’m posting this losing trade for everyone to take a look.
$SPCX Perpetuals, 10x short.
Entry price: 108.8. It’s already hit 133.
Unrealized loss: 3040U, -184%.
Honestly, when I opened it, I thought it had risen too much and would pull back. Even though Elon Musk was hyping it up, men just hype. In the end, the market didn’t follow my script at all.
The position isn’t small, and the leverage isn’t low either. Now the margin ratio has already dropped to around 14%.
The biggest lesson this time is just two words: don’t stubbornly hold against the trend.
For any short you’re really bullish on, if price breaks a key level, you should admit your mistake and get out—not increase leverage and bet it will turn around.
Low leverage and strict stop-loss sound easy. But when you’re actually losing money, it’s the hardest to execute.
I’ll leave this one hanging for now and won’t add more margin. I’ll decide at the liquidation line.
Have you had any trades recently that got slapped by the market like this?
$SPCX Perpetuals, 10x short.
Entry price: 108.8. It’s already hit 133.
Unrealized loss: 3040U, -184%.
Honestly, when I opened it, I thought it had risen too much and would pull back. Even though Elon Musk was hyping it up, men just hype. In the end, the market didn’t follow my script at all.
The position isn’t small, and the leverage isn’t low either. Now the margin ratio has already dropped to around 14%.
The biggest lesson this time is just two words: don’t stubbornly hold against the trend.
For any short you’re really bullish on, if price breaks a key level, you should admit your mistake and get out—not increase leverage and bet it will turn around.
Low leverage and strict stop-loss sound easy. But when you’re actually losing money, it’s the hardest to execute.
I’ll leave this one hanging for now and won’t add more margin. I’ll decide at the liquidation line.
Have you had any trades recently that got slapped by the market like this?
