$ALPACA Finally I exit from this sh*it successfully My loss was around $180 But ended up with a profit I've paid around $30 in funding fee rate Lesson learned : Never made an entry in a rug pull #BinanceSquareTalks #ALPACA
it's not for making money 💰 it's for improving your strategy or your logic of entry in high volatile market.. iam using only 1$ and end of the day i never lose or win but i take some trades for my risk management and level of confidence. $ALPACA use low lev and amount if you really wanna trade in it.
Outlook: After a massive pump, price is forming lower highs and lower lows, indicating a strong downtrend. This is a golden short entry – enter now and enjoy the ride down! Risk management is key!
Current Price: $1.4795 (-0.99%) Despite a solid +2.79% day, price action is flashing weakness near $1.50 psychological resistance, showing rejection wicks and lower highs on the 15m.
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.