Plan your trade, trade your plan? But many times it is not always satisfactory!
During this wave of decline, the capital-guaranteed stop-loss I set still caused me to lose several more Ethereums!
Yesterday I happened to see a screenshot of Ban Muxia’s operation, and found that even the rhythm of adding positions was very similar.
In fact, in this wave of eth, the stop-loss rate of the initial position was controlled within 5%, and the opening price was not higher than $1,600.
However, as the price rises, the ratio of adding positions increases and the average price moves up to 1650+, and the actual leverage is about 5 times.
However, after setting a protective stop loss, the average position price is 1,654 US dollars. After reducing the margin in the isolated position mode, the liquidation price is controlled at 1,650 US dollars.
At least you should know that you can't let a profitable position turn into a loss, so I have made two layers of protection here. Put a capital-guaranteed stop loss at the average position price, and reduce the margin to make the liquidation price below the set stop loss price. Severe fluctuations will lead to increased losses.
However, due to the violent market fluctuations, the final result was that the ETH perpetual contract's stop loss price of 1654 was not filled, but it was completed for me at 1640-1637, which was a few dozen dollars apart. I also specifically selected the perpetual contract with the most liquidity. contract
After consultation, I said it was because the mark price was set, which lags behind the actual market price. When the mark price reaches 1,650 US dollars, the actual market price can accept my stop loss order, which is already at 1,640 US dollars.
In the end, thanks to several Ethereums, the slippage difference of about 15 US dollars is too big = =.
Therefore, even if we have a relatively complete trading plan and stop loss, it may not go as planned.
On the one hand, it is the mechanism of the exchange, on the other hand, there is a lack of liquidity, and on the other hand, it is people’s ability to hedge orders in a timely manner.
Theoretical perfection may never be achieved. In the end, what matters is strategy, mentality and experience.
When the market is washing out, either the average position price is low enough and cannot be washed away, or you can run away in time to cash in your profits, or add a hedging order to deal with the risk of falling.
In the last round of bull market decline, we basically relied on hedging strategies to hold long positions for nearly half a year to seize the larger profits of the fish body.
But now I don’t seem to have enough energy. I usually go to bed early before 12 o’clock. The market for market washing always tends to appear after midnight.
Perhaps the market sense has also dropped significantly, and he did not sense it immediately and adopted a hedging strategy.
So, I often say that you need to know yourself, and your body, energy, abilities, etc. are all part of it.
I really want to ambush a few high-quality altcoins to secure the next bull market.
Futures contracts are really tiring, and my personal energy has also slacked off, which makes the final result difficult.
However, these are unexpected, but reasonable
Profit and loss come from the same source. If you want to pursue high yields, you need to understand the rules of the game, and even more, you need to understand the laws of market fluctuations.
But finally I would like to add a sentence in the comment area:
The end of the contract is liquidation.
Cherish life and stay away from contracts!
#BTC
During this wave of decline, the capital-guaranteed stop-loss I set still caused me to lose several more Ethereums!
Yesterday I happened to see a screenshot of Ban Muxia’s operation, and found that even the rhythm of adding positions was very similar.
In fact, in this wave of eth, the stop-loss rate of the initial position was controlled within 5%, and the opening price was not higher than $1,600.
However, as the price rises, the ratio of adding positions increases and the average price moves up to 1650+, and the actual leverage is about 5 times.
However, after setting a protective stop loss, the average position price is 1,654 US dollars. After reducing the margin in the isolated position mode, the liquidation price is controlled at 1,650 US dollars.
At least you should know that you can't let a profitable position turn into a loss, so I have made two layers of protection here. Put a capital-guaranteed stop loss at the average position price, and reduce the margin to make the liquidation price below the set stop loss price. Severe fluctuations will lead to increased losses.
However, due to the violent market fluctuations, the final result was that the ETH perpetual contract's stop loss price of 1654 was not filled, but it was completed for me at 1640-1637, which was a few dozen dollars apart. I also specifically selected the perpetual contract with the most liquidity. contract
After consultation, I said it was because the mark price was set, which lags behind the actual market price. When the mark price reaches 1,650 US dollars, the actual market price can accept my stop loss order, which is already at 1,640 US dollars.
In the end, thanks to several Ethereums, the slippage difference of about 15 US dollars is too big = =.
Therefore, even if we have a relatively complete trading plan and stop loss, it may not go as planned.
On the one hand, it is the mechanism of the exchange, on the other hand, there is a lack of liquidity, and on the other hand, it is people’s ability to hedge orders in a timely manner.
Theoretical perfection may never be achieved. In the end, what matters is strategy, mentality and experience.
When the market is washing out, either the average position price is low enough and cannot be washed away, or you can run away in time to cash in your profits, or add a hedging order to deal with the risk of falling.
In the last round of bull market decline, we basically relied on hedging strategies to hold long positions for nearly half a year to seize the larger profits of the fish body.
But now I don’t seem to have enough energy. I usually go to bed early before 12 o’clock. The market for market washing always tends to appear after midnight.
Perhaps the market sense has also dropped significantly, and he did not sense it immediately and adopted a hedging strategy.
So, I often say that you need to know yourself, and your body, energy, abilities, etc. are all part of it.
I really want to ambush a few high-quality altcoins to secure the next bull market.
Futures contracts are really tiring, and my personal energy has also slacked off, which makes the final result difficult.
However, these are unexpected, but reasonable
Profit and loss come from the same source. If you want to pursue high yields, you need to understand the rules of the game, and even more, you need to understand the laws of market fluctuations.
But finally I would like to add a sentence in the comment area:
The end of the contract is liquidation.
Cherish life and stay away from contracts!
#BTC