Originally, 500U was aimed at shorting the entire position, essentially betting on it going to zero, to validate my judgment.
This short position was also preheated and live-streamed in the community, but it was indeed my first time trading contracts, and many operations were influenced by community friends.
As soon as this position was opened, the community said, "This liquidation price is too low; either close it a bit or add margin." Closing it a bit felt too unfamiliar, so I chose to add 5000U margin. This was the beginning of the torment, with the expected loss rising from 500U to 5500U!
After adding margin, the liquidation price came to around 1.3U. Just as I was getting ready to brush my teeth and sleep, a community friend said, "Be careful of price spikes; raise the liquidation price to 3U to be safe." It made sense, so I added another 8000U. Although the liquidation price still hadn't reached 3U, the expected loss had turned into 13500U!
At this point, I officially joined the crowd of watching the market, staring at the screen from 11 PM to 2 AM. I thought about giving up several times, but I wanted to experience the legendary overnight watching of contracts, forcing myself to watch the fluctuations. I watched for almost 3 hours, and to be honest, watching $MOVE rise quickly from 0.7U to 0.85U was a bit nerve-wracking, haha.
But I just couldn't hold on any longer, so I added 10,000U, set a stop loss at -500U, with a stop loss price of 0.7118U, and went to sleep!
This short position was also preheated and live-streamed in the community, but it was indeed my first time trading contracts, and many operations were influenced by community friends.
As soon as this position was opened, the community said, "This liquidation price is too low; either close it a bit or add margin." Closing it a bit felt too unfamiliar, so I chose to add 5000U margin. This was the beginning of the torment, with the expected loss rising from 500U to 5500U!
After adding margin, the liquidation price came to around 1.3U. Just as I was getting ready to brush my teeth and sleep, a community friend said, "Be careful of price spikes; raise the liquidation price to 3U to be safe." It made sense, so I added another 8000U. Although the liquidation price still hadn't reached 3U, the expected loss had turned into 13500U!
At this point, I officially joined the crowd of watching the market, staring at the screen from 11 PM to 2 AM. I thought about giving up several times, but I wanted to experience the legendary overnight watching of contracts, forcing myself to watch the fluctuations. I watched for almost 3 hours, and to be honest, watching $MOVE rise quickly from 0.7U to 0.85U was a bit nerve-wracking, haha.
But I just couldn't hold on any longer, so I added 10,000U, set a stop loss at -500U, with a stop loss price of 0.7118U, and went to sleep!