Repeated losses, making small profits and losing big money, what is your trading system like?
1. With a lot of money, only shorting, resisting the upward surge, the liquidation level is so high that it cannot reach that position. (This is usually fine, but once it encounters a low-probability event, the losses can be devastating, for example, an IP rising from 3 to 9 overnight, and the same goes for VVV), it might rise to the point where you question your life, and your mindset gets messed up.
2. With little money, trading per position, risking 10u each time, high leverage, firmly believing in the direction and just holding on, even if liquidated, it's just 10u lost, but if it profits, it can be substantial. (This approach is safe, but it's really slow, a 300% increase might only earn 30u)
I reflect on my past losses; either I was randomly going long or randomly going short, with a leverage of 10 times, usually throwing out a position worth 100u first, then gradually increasing the position, often leading to heavier losses as I increased, and once I couldn't hold on, it got liquidated, or I had to cut losses. Currently, I have already lost 900u... Does anyone have good strategies?
1. With a lot of money, only shorting, resisting the upward surge, the liquidation level is so high that it cannot reach that position. (This is usually fine, but once it encounters a low-probability event, the losses can be devastating, for example, an IP rising from 3 to 9 overnight, and the same goes for VVV), it might rise to the point where you question your life, and your mindset gets messed up.
2. With little money, trading per position, risking 10u each time, high leverage, firmly believing in the direction and just holding on, even if liquidated, it's just 10u lost, but if it profits, it can be substantial. (This approach is safe, but it's really slow, a 300% increase might only earn 30u)
I reflect on my past losses; either I was randomly going long or randomly going short, with a leverage of 10 times, usually throwing out a position worth 100u first, then gradually increasing the position, often leading to heavier losses as I increased, and once I couldn't hold on, it got liquidated, or I had to cut losses. Currently, I have already lost 900u... Does anyone have good strategies?
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