Jokes aside, Binance futures liquidations totaled about $11.45 million over the past 4 hours, with long positions accounting for 81.1%. The largest liquidation was $ETH .
This jokester’s rule: keep your position small enough to sleep at night, and set your stop-loss with more precision than an alarm clock.
A quick serious note: the figures here are based on the positions’ notional value, not the actual amount lost. In isolated margin mode, when a position with 10x leverage is liquidated, the loss is roughly 10% of its notional value in margin.
Sizing your position based on the stop-loss distance is much more reliable than trading on gut feeling.
Just my personal opinion, not a basis for trading.
This jokester’s rule: keep your position small enough to sleep at night, and set your stop-loss with more precision than an alarm clock.
A quick serious note: the figures here are based on the positions’ notional value, not the actual amount lost. In isolated margin mode, when a position with 10x leverage is liquidated, the loss is roughly 10% of its notional value in margin.
Sizing your position based on the stop-loss distance is much more reliable than trading on gut feeling.
Just my personal opinion, not a basis for trading.