This AKEUSDT trade today taught me three hard lessons:
1. Seeing it drop 17% and impulsively chasing a short was basically serving myself up on a platter;
2. With the funding rate nearly at zero, neither longs nor shorts were in any hurry. I was the only one sitting on a -230% unrealized loss, swinging over the edge of a cliff.
3. If I ever trust my instincts again, I’ll swallow my phone whole. Chewing glass would go down easier than watching this.
#AKE #Binance Square
1. Seeing it drop 17% and impulsively chasing a short was basically serving myself up on a platter;
2. With the funding rate nearly at zero, neither longs nor shorts were in any hurry. I was the only one sitting on a -230% unrealized loss, swinging over the edge of a cliff.
3. If I ever trust my instincts again, I’ll swallow my phone whole. Chewing glass would go down easier than watching this.
#AKE #Binance Square