Last night I was out partying until the early morning and crashed as soon as I got home. When I woke up and checked—$PIPPIN 's short position was still in the green?
Honestly, I was a bit surprised. I opened this position with my entertainment funds, making sure the margin was more than enough, otherwise that big spike yesterday would have wiped me out. I bet a lot of other shorts got liquidated by that pump...
Altcoin futures are really not something I’d recommend for beginners.
Either you have to develop the skills to get in and out quickly—take profits when you can, never hesitate to exit, and always keep your stop loss in place; Or you have to control your position size so well that you can withstand the market moving against you.
Any other approach? Pretty much just giving your money away.
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AirdropChaser
· 12-07 05:53
Haha, if you can hold your entertainment positions, it really shows your position management is top-notch. I got wiped out completely that day, and now I get scared whenever I see altcoin contracts.
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GasGrillMaster
· 12-07 05:46
Haha, position management is indeed a skill, not everyone has that kind of discipline.
Daring to play around with an entertainment position like that shows your mindset is pretty solid.
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just_another_fish
· 12-07 05:46
Haha, this luck is unbelievable. I wake up and my position is still making money.
But to be honest, that's how altcoin contracts are—unpredictable and volatile. Your position management is really on point.
Most people end up losing because they get greedy.
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FlashLoanPhantom
· 12-07 05:39
Haha, even this entertainment position can be in the green. Your luck is really something.
How come there are still people daring to naked short altcoins? Aren't they afraid of getting liquidated?
That's why I only trade spot. Futures are way too intense.
Position management is indeed the key. I've seen too many people go all-in and end up losing everything.
That skyrocketing candle last night really wiped out a batch. They didn't die in vain.
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BlockchainGriller
· 12-07 05:31
Haha, what luck! I made money on my short position just by sleeping. Yesterday, I got wrecked by the pump.
That's the crazy thing about altcoins—you can't play without position management.
You only understand the importance of stop-loss after taking losses. If I had known it would be this volatile, I would have just traded mainstream coins.
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CryptoMotivator
· 12-07 05:25
Ha, this market move is really insane. My short positions took quite a hit yesterday as well.
Position management is definitely a real skill—not everyone can handle it.
Last night I was out partying until the early morning and crashed as soon as I got home. When I woke up and checked—$PIPPIN 's short position was still in the green?
Honestly, I was a bit surprised. I opened this position with my entertainment funds, making sure the margin was more than enough, otherwise that big spike yesterday would have wiped me out. I bet a lot of other shorts got liquidated by that pump...
Altcoin futures are really not something I’d recommend for beginners.
Either you have to develop the skills to get in and out quickly—take profits when you can, never hesitate to exit, and always keep your stop loss in place;
Or you have to control your position size so well that you can withstand the market moving against you.
Any other approach? Pretty much just giving your money away.