About my recent trapping by rare and my final escape and subsequent decision
Without further ado, here are two pictures to summarize the recent tragedy:
1. Background:
Last Saturday afternoon, I took a short nap on rare at 0.14, and when I woke up, it was at 0.18. After that, it kept rising and I kept adding positions, thinking of keeping the perfect record of this account. I didn't expect the means of rare dealers to be so cruel. The final result was that I was trapped with a funding rate of -2% x n every 4 hours, which almost squeezed me dry. Later, we could only get some liquidity from outside (1.5 times the current funds) to prevent liquidation, so the winning rate also increased (although I don’t care much about this), and the profit curve also increased (ah! My blood pressure has gone through the sky)
2. Opinions on the behavior of rare dealers
There is no doubt that this kind of irresponsible method is destroying the rice bowl of the entire market
First of all, rare dealers blatantly tell all peers: as long as you have enough money and a high degree of control, small currencies are just toys, and you can cut them as you want
Secondly, it basically declares the death of small currencies: except for being manipulated by dealers, they have no value (although many projects have long existed in name The circle is no longer the circle of a few years ago)
In the end, I beat my peers severely. I don’t know how many big investors were pressed down and rubbed hard. It is estimated that basically they need to borrow about 2 times the position funds from outside to ensure that they will not blow up.
3. About a personal decision
I decided to make a detailed study of my personal trading experience and knowledge map (although I am a lazy dog, and I am busy with work and playing games recently. I may not have too much time to write articles, grab data and find cases. Just treat it as a long-term job. I hope I will not be eunuch). Based on my experience, I will teach those who are interested to start from the MA indicator, to volume price analysis and liquidity analysis. The purpose is not to collect IQ tax or give roses to others. These are high or low interests and hobbies, but to let this circle enter a big fight mode. Everyone has a gun and he will not be chaotic.
4. Finally
Dog village, I feed you with grass!
The above is recorded on 2024.08.27
