This wave is from a few days ago when I was on my way to Hangzhou. Just as there was a significant fluctuation, I got off the high-speed train and took the subway.
The preset selling point did not consider the risks, and I went directly into a margin call,
When shorting, encountering a sudden spike,
Choosing to add to a short position at the previous high must consider the risk of a short squeeze, with a risk of 10-30 points if the previous high is broken,
In fact, regardless of whether I added to my position or chose a better entry point, I wouldn't have faced a margin call, and I could have made a profit. At the very least, when the situation is uncontrollable, it isn't a bad thing to quickly choose a slightly less painful point to stop loss.
All these multiple factors led to my margin call. Speaking of margin calls, I have managed to avoid one for a week now, so I will continue to summarize my experiences and lessons, hoping to survive longer next time. I can only keep putting in more money.
#IRYUSDT