Is there a way to prevent you from getting liquidated from now on?
Yes, absolutely!!!
By diversifying your investment, you can enhance your risk resistance. Blindly investing all your efforts in a single path is a high-risk behavior. The spot market of mainstream cryptocurrencies has limited room for growth. Altcoins and Dogecoins may return to zero, while contract trading may cause liquidation on the same day due to calculation errors or operational errors (such as an extra zero in the position input);
Therefore, diligent learning is the key. Understand various basic knowledge, such as the meaning of each coin, the difference between leverage and contract trading, the calculation method of liquidation price, funding rate, etc. Whether it is spot, contract or airdrop, learn as much as possible. The richer the basic knowledge, the more paths you can choose. If you want to achieve high returns at low cost, it is very important to invest time in learning;
Practice more. Whether you earn your first pot of gold through airdrops or contract trading, you need a lot of time to monitor the market to improve your familiarity with the market - this is why I recommend short-term trading: short holding time and controllable losses;
The crypto market is highly volatile and suitable for short-term operations; the handling fee for contract trading is lower than that of spot trading, which can reduce costs; high liquidity can help you quickly accumulate knowledge (and practice the ability to control greed) and avoid traps;
Strict stop loss. Formulate and abide by stop loss rules to avoid total losses and debts in the currency circle.
May is about to pass, and I have said before that every retracement is the best opportunity!
So, if you don’t lay out now, when will you? I won’t say anything
There are people who eat pig’s feet rice every day, and there are more people who drink soup with Lao Li
Say to those stubborn leeks: If you are not good at it, practice more!
