《Losing Money Notes - What a Big Mess!》

I saw this morning that rats had a significant breakout on the daily chart with a very good setup, feeling excited and confident, I opened a breakout position and added to my position!

In less than 30 minutes, I had an unrealized profit of nearly 10%, almost 1100u, and I was happily thinking that I could finally make a big profit, planning to take profit at 5000u.

But then, out of nowhere, this malicious market maker suddenly crashed it by 30% in 2 minutes. Originally, this wasn't surprising; such things are common in this circle.

What’s frustrating is that I set a stop loss at 0.03456, but the exchange only executed my order at 0.02959, resulting in a slippage of nearly 15%! What a big mess! I ended up losing nearly 1000u for nothing!

I can accept losing unrealized profit, and I can accept losing money when the price drops, but a 15% loss due to slippage is really hard to take!

It’s the first time I felt that having a stop loss could still lead to a black swan event!

But Binance won't compensate me 😥#山寨币交易