NullUser

$USDC $USDT $BNB I just said that I am not good at contracts, isn't this chart beautiful? However, the chart is mainly focused on the contract part, so it looks like my account is doomed.
As for why I am still in the market, it is mainly about outsmarting various Alpha coins, being careful not to get trapped. Contracts carry risks, and one must be cautious when entering the market.
If you haven't experimented with contracts before, I hope you never get the chance to try.
If you have already experimented, I have some insights from my losses:
0. Don't just watch others become rich; in the market, there are people making money, those who have been around for a long time, and some who are very aggressive. But normal people can't play aggressively and survive for a long time; you can earn countless 100% but can only lose 100%.
1. Risk control is very important; if you can avoid liquidation, do so. Even if you set up a position by margin, liquidation will still affect other positions, basically leaving you with no margin. This is a conclusion after three liquidations. If you like to open 50x with 0.1U and don't care if it gets liquidated, just ignore what I said.
2. Don't set the leverage too outrageous; my hedging is just 1X, while activities can go up to 125X, and normally 10X is the maximum. If you often go for 50X, it's fine if you are not fully invested and your position is not maxed out; otherwise, it's easy to get liquidated, especially with altcoins. Stay away from those who seem to be bottom fishing and top selling while claiming to be fully leveraged; check their profit amounts, and I could easily play with 0.1U at full leverage.
3. Contracts are genuinely a negative-sum game; although exchanges don’t take much, you should know that when one person makes ten times, many others will get liquidated.
4. Many strategies have capacity; the problem with altcoin manipulation lies in liquidity and capital. I hope you can understand this.
5. If after reading all this you still decide to enter the market, I hope you are prepared to face the cruelty and madness of the market, so good luck.

I have decided to keep some space behind $NIGHT for hedging, at least I need to hedge the 200 contract activities. As for whether I can compete in that 1700 trading competition, it's hard to say. If I'm going to trade, I suggest hedging at a high position first before talking about anything else. It's likely that if I go all out, I'll be taken advantage of. I still remember today's price of 0.070, but now it's already less than 0.06, awkward.

It is known that there are currently about 20,000 people, dividing 1,380,400, so it is 69.02*0.1390=9.59378. If it reaches 50,000 visits, then there will only be about 4U.
Participating is certainly recommended, but it is strongly advised to open a half position for hedging before brushing, $XPL the people who fall cannot afford to be hurt.

$NIGHT I personally feel that this thing is really too restrictive. Although the quota looks large, be cautious while participating in the trading competition.
The recent highest price of 0.07*1700=119U is correct. This amount corresponds to a trading volume of 595,000 when there is no restriction. The problem is that some people are trading 133,000 every day, and with about 10 days left, the handling fees will be higher than this reward. Moreover, you don't have the hedging reward, so if you push too hard, you might end up losing out. I don't want to criticize any further; anyway, there are no suitable ways to participate in this right now, so everyone should be cautious.
So, did you get restricted today?

$NIGHT Forget it, let's go down first, anyway, Alpha is done for today.

$NIGHT The price difference is so large, Alpha is not dropping, I'm feeling awkward, I was originally waiting to take over.

$NIGHT In terms of talking about the pictures, I think it's possible to get up, the problem is the current position is not good, and I personally do not recommend rushing in. If you want to play, set a good stop-loss and control your ant position.

$NIGHT This thing won't last much longer, right? It was originally a short position opened for hedging, and it can still short this much, how awkward. 0.07*200=14U, I'll wait for another opportunity to come back.

$AT This thing really drives people crazy, no wonder it still has quotas now. If you brush a total of 1000, you would have to use 1U of wear, but the minimum guarantee is now only worth 0.9U, happy. If only it was possible to open the lowest guarantee, the problem is who would have thought this thing is simply like a grandma going down the stairs.

$PIEVERSE has finally seen the end of the hedge. I wonder how many short positions everyone has opened? Poor 1.0, whoever shorted it must be feeling great, but I didn't have the courage on that day last week.

Come and participate in a contract match.
$RLS and $NIGHT now have contract competitions. You can sign up for the event through the gift icon on the contract interface. We don't need to compete with others for volume; we only need to achieve a trading volume of 500U for the minimum guarantee.
I personally suggest that you decide on the leverage yourself, with a nominal position amount of 260-270. Open a position when the market is stable, try to enter with a Maker order, and set stop-loss and take-profit orders in advance to guard against sudden changes. Try to exit the position with a Maker order. In total, I incurred about 0.26 in fees, with slippage of 0.1, and NIGHT also gained +0.44 (though I actually earned less).
After finishing, check the leaderboard the next day to see how many people participated. Calculate the amount in advance and consider opening short positions to hedge and lock in profits.

Share 4,270,000 XPL prize pool https://www.maxweb.cab/activity/trading-competition/spot-altcoin-festival-wave-4

I personally suggest waiting until the 18th to take another look, calculate if you can break even before trading, after all, trading spot requires at least 0.5U for a minimum of 1000, and just because there aren't many participants now doesn't mean there won't be many later; those interested in trading can join.

$FHE has been held for so long, I feel there is not much meaning in holding it anymore, after all, it's an ant stock, so I finally cleared it. $WET has risen so sharply, I regret selling it at the opening.

$PIEVERSE I don't know where I can go today. I guess many people are waiting for hedging, and I don't know how much the final price will be.

$FHE See you again today, if it doesn't rise back to 049.

$PIEVERSE unexpectedly stopped, which is frustrating. I was still counting on the 2U short position.

$PIEVERSE Embarrassed, is Zhuang not at work yet? Will he still pull tonight? The way these lines are drawn is simply speechless.

What's going on today? Aside from the midnight explosion of $PIEVERSE , COMMON, LAB, and BLUAI have all suddenly crashed throughout the day. Is there anyone who understands to explain what's going on that suddenly everyone likes the one-character Soul-Cutting Blade?

$LAB suddenly collapsed, I was also at a loss. Fortunately, the speed of the counterattack was relatively fast.

$BLUAI This bait and switch was executed beautifully, highly rated.