I'm feeling so bad, my RFC
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0xzhe
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#质检报告
Today I almost got splashed by #PUMP , thinking back still drenched in cold sweat.
1. Saw the announcement from the Korean office on $PUMP, thought about doing news trading, aiming for a small short line.
2. As a result, once I entered, it kept dropping 📉, directly plummeting to $0.12, and I even added a few more positions along the way, with the liquidation price at $0.1, damn it was so close.
3. Measures to mitigate the situation.
3.1 Opened a small short position for hedging, bringing the liquidation price down.
3.2 Transferred my $rfc to cut losses and use it as margin.
3.3 Moved coins from my on-chain wallet around to inject into margin.
4. When it rebounded above water, I decisively ran away. Almost lost it all.
5. Absolutely will not trade news coins & low market cap coins in the future. Additionally, the depth of such low market cap coins is horrifyingly poor (those who have traded them know that losses expand infinitely while profits shrink severely).
Today I almost got splashed by #PUMP , thinking back still drenched in cold sweat.
1. Saw the announcement from the Korean office on $PUMP, thought about doing news trading, aiming for a small short line.
2. As a result, once I entered, it kept dropping 📉, directly plummeting to $0.12, and I even added a few more positions along the way, with the liquidation price at $0.1, damn it was so close.
3. Measures to mitigate the situation.
3.1 Opened a small short position for hedging, bringing the liquidation price down.
3.2 Transferred my $rfc to cut losses and use it as margin.
3.3 Moved coins from my on-chain wallet around to inject into margin.
4. When it rebounded above water, I decisively ran away. Almost lost it all.
5. Absolutely will not trade news coins & low market cap coins in the future. Additionally, the depth of such low market cap coins is horrifyingly poor (those who have traded them know that losses expand infinitely while profits shrink severely).
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