What was I thinking when I was only one centimeter away from liquidation.

After Bitcoin reached a new high last night, it continued to fall. The market as a whole plummeted, and many popular coins (meme, inscription) fell close to 20% in a short period of time.

At about one o'clock in the night, I was getting ready to go to bed. I found that the fund drawdown of the contract was relatively large, so I manually reduced the position of some orders (I'm glad I did this operation!)

Then I couldn't sleep and kept refreshing Binance to check the market situation.

At about 3:30 in the night, I suddenly realized that there was only 200u left in the contract with the order! You must know that before 12 o'clock, it is still about 2000u. At that moment, I could do nothing but hold my breath and wait for the results. The original thought of buying at the bottom and adding more positions was totally out of the question.

Fortunately, the needle stopped about 50u before my liquidation, and then the account began to rebound instantly, returning to about 600u. My position was saved.

If I had not reduced those orders, my position would have returned to zero by this time. As of 7 o'clock in the morning, the position has returned to 900u, which means that all the profits from the previous half month have been included.

On reflection, the unilateral market for more than half a month made me numb. I gradually expanded the overall leverage ratio and did not set a stop-profit or stop-loss. I thought that I would always make a profit if I resisted the unilateral bull market. So I was taught a lesson.

Fortunately, the position was not liquidated. The remaining positions were some small fortunes that I retained after the market taught me a hard lesson.

Always respect the market! Control the leverage ratio! Take profit and stop loss well! Otherwise, you will never survive in the market. #BTC #ETH #SHIB