Why Did the Price Always Know Exactly Where to Break Me?
The first time I watched my position vanish to the cent, I blamed bad timing. The second? Randomness. But by the fifth, I wasnāt confusedāI was exposed. My liquidation price wasnāt just a number; it was a destination. And the exchange? It didnāt miss.
Liquidity doesnāt ādry upāāthey drain it. Deliberately. Price doesnāt spikeāitās pulled like a lever. When countless traders cluster around the same levels, the exchange doesnāt warn usāthey weaponize it. Our losses arenāt byproductsātheyāre the business model. Each liquidation isnāt collateral damage. Itās calculated profit. Extracted with precision.
They see everything: our margin, our leverage, our stop levels. Weāre not trading on a battlefieldāweāre walking through a minefield they designed. Every wick you thought was volatility? It was a sniper shot disguised as a candle.
They sell you leverage like it's empowerment. But in truth, they just hand you the blade and wait. Because if they know where your line breaks⦠why would they ever let you cross it untouched?
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