Like me, I can't sleep either. I only slept for one or two hours before being woken up by a call. The call reminded me that he has already broken through 3u. Fortunately, I set up a phone alert to monitor the price before I went to sleep; otherwise, when I woke up from my dreams, I would have found that my entire position was gone. Because it peaked at 3.8, and when I opened the position, my forced liquidation price was at 3.7. While I was sleeping, I never thought it could break through 3, let alone exceed my liquidation price. Because its increase in recent days has only been a few tens of percent, it really wouldn’t rise that quickly.

$UXLINK

Post a summary post separately. How to use hedging to make up for your own entry mistakes. For my mistakes, you can see the first post.
I rushed in at 1.8u to short uxlink, but found that there was something wrong with this coin. It was a strong dealer coin and was short at the bottom. Moreover, the volatility was extremely large. The dealer frantically inserted needles in the early morning to harvest the air force, and the corpses were everywhere.

Today, I will only talk about the hedging of the world lock, and explain it simply and clearly. Take the example of me and the bloody battle 🐶 dealer tonight: the world lock is short and trapped, or long at a high level. In this case, do three steps:
For example, tonight, first:
1. Open a long position to hedge, first ensure that there is no liquidation
2. Continue to arbitrage on the long side, sell it if it rises, buy it immediately if it is low, and buy it again if it rises
3. Always sell and buy only up to 70% of the position to ensure that there is no liquidation.
Repeat 23 until the arbitrage is completed or the dealer's volume fluctuations weaken.

When there is a unilateral trend of rising or falling (for example, after the chaos of slaughtering the air force tonight, there is a unilateral fall), you must start to reduce your long positions layer by layer, and this process will definitely give back profits. For example, I took a high position to take a volatility arbitrage of 150u, reduced my long positions and gave back 70u, and finally hedged to protect my principal + profit 70u. This is very normal, no one can keep the profit 100%. Finally, make sure that the unilateral decline or rise reaches a price that you can accept, and close the other side, such as closing short or long. Hedging does not necessarily lose money, and the world lock is not unsolvable, otherwise why can those more nb hedge fund masters have stable returns. Ordinary people will definitely make mistakes in decision-making, which is too normal. The only thing we can do is to ensure that the principal is not lost as much as possible. The profit is not a big deal, just spit it out and run away. I am so sleepy, 🐶 The dealer has reduced half of the price and stopped, and finally trapped me at 270u, and I can't sleep well. I must ensure that it descends and I land smoothly, and don't declare war on the air force again. If the dealer does something weird, I will have to fight the dealer with my eyes red with extreme hedging, for these few white breads of mine. I can't let him take them away.