❌ HOW TO ADJUST THE LIQUIDATION PRICE UP WHEN YOUR ACCOUNT IS ABOUT TO BURN! (A sharing post for newbies & those who are not familiar with how to play Future)

Hello everyone! Was everything okay yesterday?

For me - more than $20. The reason I cut my loss is because I'm afraid that if the price of $MYX increases too much (I'm shorting again), my account will burn and I will suddenly become a debtor to the exchange. 🙈

And then I sat down to test the way I place orders.

Finally, I also came up with a pretty good way to adjust the liquidation price up - avoiding burning my account, not only losing everything but also suddenly becoming a big debtor to Binance. (When the account is liquidated, the account will be extremely negative, and later on, as long as we deposit money, the exchange will automatically deduct enough to cover the negative amount. Do you know this? I heard some people say that if the number is negative, just click on a button and it will go to 0 -> no debt, I don't know if this is right or wrong, anyone who has experience with this will share with everyone).

The way I found for you is to put a little money into the opposite order, the liquidation price will automatically be pushed up.

For example: You are short -> put a little money into Long to match the order -> the liquidation price will be pushed up.

If you are Long, do the opposite.

As I showed in the example below. You see, my order volume is not much, my Future account is only over $100 (normally $60 but I just sold a little on Spot to transfer to this side). But my liquidation price of $MYX is sky-high - more than $4k, more than 2000 times higher than the current price. Note: To do the above, your Future must be hedged, able to go Long Short on both ends (go to the Future customization section to adjust it). You must cancel all current orders before you can set it.

If anyone doesn't understand anything, just comment and I will answer.