Just like my previous wave, I went long on ETH at 2700, kept adding to the position with floating losses, then added margin. Initially, the liquidation price was around 2200, then I increased it to around 1800, and finally pushed it down to about 1400.
Thinking it was truly safe and I wouldn't get liquidated, but floating losses really affected my mindset. When ETH dropped to around 2200, I couldn't take it anymore and cut my losses. As a result, it stubbornly fell to around 2160 and then rebounded.
In the end, I lost $60,000, with my stop-loss at the lowest point. It eventually rose to around $4900. If I had held on, I would have made at least over $300,000 in profit!
During a sharp decline, the most affected is the mentality, and it's very easy to panic. It feels like Boss Yi is currently very anxious. 🤣
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ETH is oversold to the point of being excessive!
Just like my previous wave, I went long on ETH at 2700, kept adding to the position with floating losses, then added margin. Initially, the liquidation price was around 2200, then I increased it to around 1800, and finally pushed it down to about 1400.
Thinking it was truly safe and I wouldn't get liquidated, but floating losses really affected my mindset. When ETH dropped to around 2200, I couldn't take it anymore and cut my losses. As a result, it stubbornly fell to around 2160 and then rebounded.
In the end, I lost $60,000, with my stop-loss at the lowest point. It eventually rose to around $4900. If I had held on, I would have made at least over $300,000 in profit!
During a sharp decline, the most affected is the mentality, and it's very easy to panic. It feels like Boss Yi is currently very anxious. 🤣