看着我反买必赢
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Many new beginners wake up to find their positions gone, as they have been automatically liquidated. For coins that spike up suddenly, sometimes your stop-loss can get triggered at a loss beyond your acceptable limit. Friends around me have also lost a lot of money due to liquidation, and just hearing about it makes one feel deeply pained. I can't offer much advice on other aspects, but after doing contracts for so long, I do have some life-saving insights.
First: Set a stop-loss immediately after opening a position, regardless of whether it's a low or high leverage. If the price falls below a level you can emotionally handle, you must set a stop-loss. This is a life-saving measure to survive in the market. Although some people like to hold onto their positions, and sometimes they can recover, it is not advisable. If you're wrong about the direction, having a stop-loss is necessary. Learning to set stop-losses will help you last longer. Holding a position wrong just once can lead to losing everything, which I hope those who haven't experienced this pain will never have to.
Second: If you're using full margin, only open one or two positions at a time. Opening too many can lead to inaccurate liquidation prices. If a coin crashes or spikes in the opposite direction, it can lead to the liquidation of other positions as well. For every extra penny you lose, the liquidation price will change. You might notice that I usually only open one position; in rare cases, I might open two or three. Normally, I only hold one position and don't get greedy. If you want to open multiple positions, please choose isolated margin, but you can't do T with isolated margin, which I don't like.
Third: Set a stop-loss before the liquidation price to avoid being liquidated to zero. For example, if the liquidation price is 2731, you can set a stop-loss at 2730.5. With a position of 100 units, you might still have 30 or 40 units left in your account after the stop-loss triggers. If you don't set a stop-loss, your remaining funds will go into the liquidation fund, which is what people refer to as going to zero. The slippage on Binance is still manageable; under normal circumstances for mainstream coins, if there isn't an extreme spike, setting stop-losses rarely leads to liquidation.
Fourth: Don't keep too much funds in your contract account to avoid extreme market conditions leading to liquidation to zero, like the situation with IP today. If you have a position of 100 units and your principal is 300 units, if you set a stop-loss and lose normally 100 units, your contract account of 300 units will be liquidated, resulting in just a loss of 300. However, if you have the same position of 100 units but keep 1000 units in your contract account and set a stop-loss of 100 units, you might end up losing 500 units or being liquidated to zero.
The above is my experience in the contract market; I have felt the pain.
First: Set a stop-loss immediately after opening a position, regardless of whether it's a low or high leverage. If the price falls below a level you can emotionally handle, you must set a stop-loss. This is a life-saving measure to survive in the market. Although some people like to hold onto their positions, and sometimes they can recover, it is not advisable. If you're wrong about the direction, having a stop-loss is necessary. Learning to set stop-losses will help you last longer. Holding a position wrong just once can lead to losing everything, which I hope those who haven't experienced this pain will never have to.
Second: If you're using full margin, only open one or two positions at a time. Opening too many can lead to inaccurate liquidation prices. If a coin crashes or spikes in the opposite direction, it can lead to the liquidation of other positions as well. For every extra penny you lose, the liquidation price will change. You might notice that I usually only open one position; in rare cases, I might open two or three. Normally, I only hold one position and don't get greedy. If you want to open multiple positions, please choose isolated margin, but you can't do T with isolated margin, which I don't like.
Third: Set a stop-loss before the liquidation price to avoid being liquidated to zero. For example, if the liquidation price is 2731, you can set a stop-loss at 2730.5. With a position of 100 units, you might still have 30 or 40 units left in your account after the stop-loss triggers. If you don't set a stop-loss, your remaining funds will go into the liquidation fund, which is what people refer to as going to zero. The slippage on Binance is still manageable; under normal circumstances for mainstream coins, if there isn't an extreme spike, setting stop-losses rarely leads to liquidation.
Fourth: Don't keep too much funds in your contract account to avoid extreme market conditions leading to liquidation to zero, like the situation with IP today. If you have a position of 100 units and your principal is 300 units, if you set a stop-loss and lose normally 100 units, your contract account of 300 units will be liquidated, resulting in just a loss of 300. However, if you have the same position of 100 units but keep 1000 units in your contract account and set a stop-loss of 100 units, you might end up losing 500 units or being liquidated to zero.
The above is my experience in the contract market; I have felt the pain.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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