Post
Topic
Board Altcoin Discussion
Re: Beginners Should Avoid Leveraged Tokens Trading
by
Lagduf
on 09/06/2023, 15:26:38 UTC
if someone who is not used to it, makes a mistake, or forgets to set leverage when opening a long or short position, the consequences can be fatal. When a trader uses leverage, they will be given a set liquidation limit. This liquidation limit is the specific price at which a trader's position will be automatically closed so that larger losses can be avoided.
If the creator of this thread didn't even aware or know about that and it will be useless. It can be seen that if he didn't even understand the true purpose of leverage token. He has been suffering the lose and what he can do to learn from his past experience. he shall not do another mistake again in the future. I hope he learn from his mistake.