This time I got liquidated

Let's do a review

First of all, luck is the most important indicator

After all, it's a bought contract

Contracts are gambling

If you buy spot, no matter how much it falls, it won't get liquidated.

The most important thing in contracts is to set a stop-loss

The main reason for my liquidation this time is that I didn't set a stop-loss

Because I was too greedy

Also,

After opening a contract, no matter how much it rises afterward, do not continue to double down

If you keep doubling down, it can easily disappear with one spike

For altcoins, do not open contracts above 5x

I found that contracts above 10x have a liquidation probability of over 90%

That's all for now