Yesterday I withdrew funds.
I can't make money in this market anymore.
I worked hard for a week on contracts. Made 5wu. One trade lost 3wu.
$ZEC was originally profitable. With a maximum leverage of 10x, I could only open 5000u. This made it difficult to increase my position, which was really frustrating; the funding rate deducted nearly 10,000 dollars.
I was cutting losses while adding to my position, which raised the average price. I made over 10,000u after a drop of 40 points, recovering some losses. Although shorting makes money quickly, the more it drops, the less margin you have. Without floating profits, it's basically impossible to make big money.
To make big money, I still need to go long. Encountering a 2~3 times increase is exhilarating. The margin also takes off. I'll leave 2wu for small trades.
I'll deposit again when the market improves. The current price for u is 7 dollars. When I bought it before, it was always 7.1+, sigh. It's hard to play. I wish everyone success in their trades and continual withdrawals. $ZEC
