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While the market is correcting, altcoins are struggling, those who hold a margin or futures portfolio can reduce their portfolio by half and can't eat or sleep well, so I'll share my thoughts so everyone can have more perspective. .
For people like us who use margin or futures, especially those who hold long-term positions, facing large account fluctuations is inevitable. When a 500usd account in the market fluctuates by 10%, we have to bear the pressure of the account decreasing by 250usd, but when holding for a period of time the account increases to 5000usd, it is normal for it to fluctuate by 2000 - 3000usd. When we are not used to it, it is very painful and scary to see the account decrease so much. We are always afraid that it will decrease to the starting level of 500 USD and maybe burn out.
In this case, most people will be afraid of closing part or all of their position. But closing is easy, but how to buy back enough volume of old positions is not simple, sometimes it causes the account to decline heavily and burn the account, or at least it loses more than the reduction due to the loss. caused by the market. The best way is for us to keep it the same, either it hits the TP we have predetermined, or it breaks even. To be able to maintain that steadfastness, I often think about the reason and purpose of opening this position. For example, if I determine a buying campaign this time tp at btc 90k, I make a profit of 10,000usd, enough money to double my spot capital or buy a small piece of land, or buy a car I like...I wonder if it will be successful. I have 10,000usd enough to do what I need or am I afraid of losing 500usd, will closing my position every time I make a profit of 500usd help me achieve the goal I want. Is it easy to trade 20 trades with a profit of 500 USD?
For people like us who use margin or futures, especially those who hold long-term positions, facing large account fluctuations is inevitable. When a 500usd account in the market fluctuates by 10%, we have to bear the pressure of the account decreasing by 250usd, but when holding for a period of time the account increases to 5000usd, it is normal for it to fluctuate by 2000 - 3000usd. When we are not used to it, it is very painful and scary to see the account decrease so much. We are always afraid that it will decrease to the starting level of 500 USD and maybe burn out.
In this case, most people will be afraid of closing part or all of their position. But closing is easy, but how to buy back enough volume of old positions is not simple, sometimes it causes the account to decline heavily and burn the account, or at least it loses more than the reduction due to the loss. caused by the market. The best way is for us to keep it the same, either it hits the TP we have predetermined, or it breaks even. To be able to maintain that steadfastness, I often think about the reason and purpose of opening this position. For example, if I determine a buying campaign this time tp at btc 90k, I make a profit of 10,000usd, enough money to double my spot capital or buy a small piece of land, or buy a car I like...I wonder if it will be successful. I have 10,000usd enough to do what I need or am I afraid of losing 500usd, will closing my position every time I make a profit of 500usd help me achieve the goal I want. Is it easy to trade 20 trades with a profit of 500 USD?
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