Guilin thinks I am too rational... I want to say that the rationality you see in me now comes from the lessons learned after past craziness...
Unlike most people's exposure to contracts around 2021, my initial encounter with leveraged trading was called "lending leverage." Simply put, it involves borrowing USDT or coins from an exchange and then choosing to buy or sell BTC in the spot market.
There was no way, at that time there was only this thing, if I wanted to short, I could only borrow BTC...
My first liquidation was when I borrowed two BTC, then sold them directly, and after enduring for a month, I got liquidated...
The second liquidation was in June 2019 when I shorted BTC, and it was completely wiped out.
The third liquidation was in September 2019 when I went long on BTC, and it was completely wiped out.
The fourth liquidation was on March 12, 2020, when I went long on BTC, and it was so bad that even my mom wouldn't recognize it...
It became more rational afterwards. At least during the entire bull market of 2021, I didn't once get liquidated. On May 19, 2021, I didn't lose a single cent and even bought the dip on altcoins 😂
In the bear market of 2022, go long on BTC for a broad range rebound, with stop loss...
In 2023, short BTC, bet that the ETF will not be approved, stop loss...
In fact, since 2020, I haven't really experienced a complete account wipeout, even when I get tempted to play with high leverage, I only take some insignificant small amounts, and even after 2023, I strictly cut losses even with small amounts...
Some exchanges give me a limited-time trial experience of 500u, and I played until it expired...
Am I really this rational to begin with?
No, it is because I often act irrationally, and there is only one outcome of being irrational: the market will help me regain my rationality...
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Guilin thinks I am too rational... I want to say that the rationality you see in me now comes from the lessons learned after past craziness...
Unlike most people's exposure to contracts around 2021, my initial encounter with leveraged trading was called "lending leverage." Simply put, it involves borrowing USDT or coins from an exchange and then choosing to buy or sell BTC in the spot market.
There was no way, at that time there was only this thing, if I wanted to short, I could only borrow BTC...
My first liquidation was when I borrowed two BTC, then sold them directly, and after enduring for a month, I got liquidated...
The second liquidation was in June 2019 when I shorted BTC, and it was completely wiped out.
The third liquidation was in September 2019 when I went long on BTC, and it was completely wiped out.
The fourth liquidation was on March 12, 2020, when I went long on BTC, and it was so bad that even my mom wouldn't recognize it...
It became more rational afterwards. At least during the entire bull market of 2021, I didn't once get liquidated. On May 19, 2021, I didn't lose a single cent and even bought the dip on altcoins 😂
In the bear market of 2022, go long on BTC for a broad range rebound, with stop loss...
In 2023, short BTC, bet that the ETF will not be approved, stop loss...
In fact, since 2020, I haven't really experienced a complete account wipeout, even when I get tempted to play with high leverage, I only take some insignificant small amounts, and even after 2023, I strictly cut losses even with small amounts...
Some exchanges give me a limited-time trial experience of 500u, and I played until it expired...
Am I really this rational to begin with?
No, it is because I often act irrationally, and there is only one outcome of being irrational: the market will help me regain my rationality...