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FYI
We saw a trader get 100% liquidated yesterday on XVG by using 25% portfolio which hurt to see. It hurts even more when you look at the price of XVG and the profit they would have made if they hadn't overextended. If you are in GMX or thinking about entering…
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We saw a trader get 100% liquidated yesterday on XVG by using 25% portfolio which hurt to see. It hurts even more when you look at the price of XVG and the profit they would have made if they hadn't overextended.
If you are in GMX or thinking about entering GMX, have a plan. Be safe. Be patient.
I have entered a short position on GMX with 1% of my portfolio to give me the room to DCA if needed.
This also gives me a liquidation risk of 0% and gives me the ability to be patient without stress.
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Exchanges: Binance Futures, Bybit USDT, Kucoin, KuCoin
Futures
Leverage: Cross 25x
Entry: 0.4302
Take profit 1: 0.4319 (Success rate: 85%)
Take profit 2: 0.4354 (Success rate: 65%)
Take profit 3: 0.4371 (Success rate: 61%)
Take profit 4: 0.4474 (Success rate: 38%)
Stop loss: 0.4173
Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
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Rest more and trade less.
I cannot express how important rest and downtime is when you are trying to develop patience and discipline.
Being away from screens and recalibrating with your loved ones, your hobbies, investing some time in looking yourself will give you the perspective and the mindset you need to be successful.
You spent all this time earning money, squeezing profit out of stressful trades but what is the point if you don't have the balance to celebrate your wins or feel good about what you've achieved? That is a one way street directly to burnout and frustration.
I love trading and love that is sustains my family and my life but you know what else I love? Walking away from the desk on a Friday afternoon and knowing I don't have to think about it for two days!
Stop to think
- Why do I do this everyday?
- What am I trying to achieve?
- What does success look like?
- What can I do to improve?
- What skills can I learn to get to where I want to be?
You can't stop to think about these things if you don't ever stop to think!!!!
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Turn your endless taps into a financial tool. Join the best Solana swap.
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🧊 @community_bot is a Telegram-native toolset for communities.
📝 Overview & beta access: t.me/community_bot/beta
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Last updated 3 days, 18 hours ago