Brothers, can you help me do some math? That day I had 2300u on hand. First, I bought 1000 worth of a certain platform’s financial product, and put the remaining 1300u all-in on contracts.
I entered at a price of 170, and then the coin just took off—went up 600%! By all accounts, I should have made a killing, right? But in the end, my 1300u principal only made just over 1000 in profit. No matter how I do the math, it just doesn’t add up.
Of course, what happened next was even crazier: I gave back all the profits, lost everything including the principal. Now I just want to find a wife who understands contracts to help me review everything and figure out exactly where things went wrong…
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GateUser-75ee51e7
· 12-09 14:06
Bro, this is about leverage, right? You missed out on a 600% increase because you got liquidated?
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LiquiditySurfer
· 12-09 14:03
Ha, this is a classic case of "surfing the wave straight onto the rocks"... A 600% gain but only made a bit over a thousand, which means a lot of leverage was used and there was no stop-loss set.
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On-ChainDiver
· 12-09 14:03
Bro, I guess your leverage ratio wasn't set properly. With a 600% increase, you only made a little over 1,000. Feels like there was an issue with your take-profit settings.
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BearWhisperGod
· 12-09 13:59
Up 600% but only made 1,000? Bro, are you using leverage the wrong way?
Brothers, can you help me do some math? That day I had 2300u on hand. First, I bought 1000 worth of a certain platform’s financial product, and put the remaining 1300u all-in on contracts.
I entered at a price of 170, and then the coin just took off—went up 600%! By all accounts, I should have made a killing, right? But in the end, my 1300u principal only made just over 1000 in profit. No matter how I do the math, it just doesn’t add up.
Of course, what happened next was even crazier: I gave back all the profits, lost everything including the principal. Now I just want to find a wife who understands contracts to help me review everything and figure out exactly where things went wrong…