Post
Topic
Board Trading Discussion
Re: RIP Long Traders
by
jcojci
on 07/04/2025, 13:27:43 UTC
How come you didn't close your position after what happened with the stocks last week? Bitcoin (and crypto) showed some resilience in the 81-83K. It's bad enough for spot traders, let alone for those who use leverage.

Here's a site you can use to track liquidations (currently sitting at 1.3B): https://www.coinglass.com/LiquidationData

Although I have seen some people saying that it's usually more than the amounts reported on that link because exchanges don't report them right away, not sure how accurate is that.

I thought the day before yesterday was the fall and market would stabilize now. I was probably greedy of taping the dip that I didn't set a stop loss and I was unlucky. Both of Solana and SUI dropped till my liquidation price and bounced back. 4 of my positions were started just this week and all of them are gone including two old ones.
Now its time for a fresh start for me. I'd now use stop loss without fail and see where the market leads me.
Greed will take our money without left. I realize that and also experienced like you. This bloody market made me hold for a while and not trade because I feel this situation will still continue. But I only buy small amount of Bitcoin to continue my investment so this red market give me benefit besides of loss.

Maybe you need to take a rest to calm down your emotions after your losses because it is not good to continue trading after your loss.