I now have a simple trick for monitoring borrowing positions: when you're three steps away from the liquidation line, don’t try to tough it out.


First, turn on the alert notifications, or you'll really get woke up by the market with a kick;
Second, pay off whatever small amount you can, even if it just moves the red line a little lower;
Third, lock the limit on new operations so that when you're itchy, at least you can't impulsively add leverage.

Strangely enough, setting up alerts/limits actually makes me more anxious at first, like admitting I might lose control… but after a couple of hours, I relax: I’ve shortened the worst-case path, and my mind can return to “risk boundaries” instead of “I can still gamble one more time.”

Lately, the arguments over NFT royalties seem pretty similar, everyone wants smooth liquidity, but when it hits pressure levels, surviving first and talking about ideals later is more important. Anyway, I don’t want to give liquidation the liquidity.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin