Every time your trading position is just three steps away from the liquidation line, it feels really uncomfortable, like your palms are sweating but you don't want to click randomly.


My usual approach is to first "wait for confirmation": figure out whether I want to keep holding or admit defeat and clarify my decision, otherwise adding margin, reducing position, or changing collateral could all turn into emotional trading.
Then "wait for a pullback" doesn't mean just blindly waiting; I will first add a little buffer where I can, to keep the liquidation price further away from me, so I don't get wiped out by a single spike.
Finally, "wait until I think clearly"... honestly, if the position can help me sleep, I keep it; if I can't sleep, I reduce it.
By the way, recently those on-chain data tools/tags have been criticized for lagging and possibly misleading, so I no longer trust just one dashboard to confidently draw conclusions.
Anyway, I prefer to look at the raw on-chain information a few more times, to avoid being comforted prematurely.
That's it for now.
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