Recently reviewed a position that almost got liquidated. To be honest, it’s not that I misread the direction; it’s the annoying oracle price feed being half a beat slow: the order book suddenly spikes, and I was using the "old price" for my position. The margin looked fine, but the next second when the feed catches up, it directly shows I don’t have enough, and liquidation triggers faster than I can manually add margin... Small funds really can’t handle this kind of delay, so now I prefer to use lower leverage, set stop-losses earlier, and withdraw if I can.

By the way, whenever I see large on-chain transfers or movements in exchange hot and cold wallets, people say "smart money is coming." I no longer bother explaining... Sometimes it’s just random noise, and it has nothing to do with whether you can survive this trade. Anyway, the discipline remains: don’t max out your position, leave some buffer, and don’t race the price feed.