Yesterday I chatted with a fan on Penguin. He said that he had a total of 260,000 liquidations after entering the market. When asked about the reason, it turned out that it was because he had a heavy position in Bitcoin and did not set a stop loss... I believe there are many such people in the market. Why did you get liquidated? Here are my views and suggestions:
First of all, position management is really important and you must learn it! Secondly, it is also important to stop profit in batches after you make a profit from heavy positions. Your position is heavy to begin with. If you do not stop profit first after making a profit, who else will the main force not liquidate? You have a few thousand U and 100 times leverage to play BTC. It is almost 1 BTC. This kind of heavy position has many contracts, which is the target of the main force to sweep in batches.
Why can't you sweep me? You may only need to go back and forth 2,000 points to sweep me, but you need dozens of 2,000 points to sweep me, that is, tens of thousands of points to sweep me. A drop of tens of thousands of points a day is an extremely low probability event, but going back and forth 2,000 points is a common thing, so do you think position control is important?
The most disturbing thing is that every time they make money with a heavy position, they don't know to stop the profit first and then set the cost loss. They think that one order can make them rich overnight, but in the end, the profit is withdrawn, and the profit turns into loss, or even the position is liquidated. This hurts your confidence. No matter what order I make, the first order is to make a certain profit and then run half of it, and then the cost loss will be set after running. At least I won't be disturbed.
This brother must be the only one like this. Those who are in the same situation should reflect on it!
