In the current situation where altcoins are being "sucked dry" by mainstream coins, the contract opened by the goat yesterday had to be stopped out. Looking back, the capital rotation in the meme sector is astonishingly fast; the battle ended in just one day.
Recently, many people have privately asked me what to do if they are trapped by xx coin? When they opened the contract, they had no idea to set a stop-loss, and with even a slight fluctuation in the market, they were firmly trapped, with the liquidation price directly becoming the stop-loss price. If they're lucky, they might hold on and possibly break even, but what if luck isn't on their side? The result would be liquidation.
Friends who don’t understand the risks of opening positions and don’t know how to set stop-losses should absolutely avoid contracts. Many people are unwilling to set stop-losses, clinging to the hope that they can just hold on; they might get lucky once or twice, but sooner or later, they will face a significant loss. These are all experiences I have personally gone through.
So I sincerely advise everyone, opening contracts is fine, but be sure to place orders within your risk tolerance, and above all, absolutely set a stop-loss!