I’ll share my position and thoughts. As always, this is not investment advice. You'll see how I’ve handled this challenging position from the very beginning.
My Position: I opened a 4x long position on ETH at $2000, using about 55% of my total margin. Within a minute, the price broke down sharply.
😎 What I Did Right: ✔️ I didn’t go all-in with my margin, which reduced stress. ✔️ When the price stayed around $2000 for too long, I had a bad feeling and lowered my margin usage from 60% to 55%. This helped minimize stress. ✔️ I kept my liquidation price much lower than usual for extra safety.
😱 What I Did Wrong: ❌ There were tensions between the U.S. and Europe, but I didn’t follow the news closely. As a result, I underestimated the market risk a bit. ❌ 40% or 30% margin using can be better.
Now, my position is as shown in the screenshot. My liquidation price is below $1200, so it's quite safe.
💥 What’s Next? 🔹 If the market recovers and I get back into profit, I’ll reduce my position size further. 🔹 If the recovery is weak, I’ll partially close the position at a small loss to be in a stronger position for the following days. 🔹 If necessary, I might add more collateral, but there’s no rush for that option.
Since my risk isn’t too big, I have the luxury to watch the market without panic selling for a long time. This is why I often emphasize low-risk strategies in my previous posts.
Wishing us all success in this new challenge! 😇
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
