DavyJones.hl

Lost over $130k on one day using leverage Long story short i added more and more while $btc was dropping and finally reached my liq point. Here are some mistakes and maybe some solutions for you so you do not have to repeat my mistakes: Leverage key rules: ▪️ Don’t let yourself get liquidated at the worst possible moment ▪️ Know your max $ loss ▪️ Know your liquidation price ▪️ Never go above 5x leverage, BTC up to 7x but be cautious on dips since leverage increases—don’t start at 7x What Went Wrong? ▪️Too much available capital to deposit on perps—limit max daily loss to x% of portfolio → max 5/10% portfolio loss → can’t have too much on perps due to bankruptcy risk, which will eventually hit and leave me at 0 with nothing ▪️No clear message on how much capital is available for perps ▪️No clear SL or inflection point where positions get force-closed; I buy, pray, and hopium that it goes up without knowing the liq moment, hoping I dodge it ▪️Playing cross margin → Cross especially on alts prevents setting specific liq price because on drawdowns it hits much earlier due to higher alt beta → only isolated on higher leverage, cross ok up to 3-4x on small ones. Yesterday’s ETH/SOL positions dropped way faster than BTC, forcing sudden close. ▪️Got forced into closing during massive dips I couldn’t hold due to overleverage ▪️Big positions < bigger than my net worth, I can’t manage them long enough, closing them slightly in profit and holding tremendous drawdowns. What Not to Do? ▪️Don’t add on dips unless it’s a massive % drop / capitulation wick. If price drops after entry, I probably bought too early or i am in the wrong trend. When to Trade Perps? Dips Longing Scenario: ▪️ Several days of consecutive drops ▪️ Significant selloff with volume, classic capitulation wick ▪️ Enter sized on capitulation wick with SL below, no SL on low leverage up to 5x, hold 1-3 days Bullish Trend with Thesis: ▪️ Enter small size ▪️ Add as it works ▪️ TP on upward wick, or if momentum fails ▪️ Dynamic TP ▪️ SL when thesis fails, not price-based—so small size Other: ▪️ Trends persist; if dips without volume, don’t fight —wait for market to thin out ▪️ If I feel the urge to watch order books, drops are coming → really want to see pumps in downtrend, makes me feel like I “have to watch” ▪️ No clear SL means I can’t step away from the screen

@Duldul_Capital Sigma

I called my grandpa this morning. He’s cycling 424 km in 5 days next week, and not on an electric bike or anything like that. He said he lowkey wants to do 584 km. He’s 78 years old. What’s your excuse? Still out of shape?

@coinfessions Where did you get the 2m?

I had 2m in crypto. Lost more than half in the Luna crash, lost a lot investing in Polkadot parachains. I had 200k left and... I lost it in Aster. Hard lesson. I was able at least to pay off all debts I had. Learned a lot. Now I'm working hard to build my wealth again.

@ThePumponomics Gud decision

i woke up to the red wedding. on days like today i have two choices. check prices once and don't open the app again til tomorrow. or sit and watch the 3 minute chart like my life depends on it. i know which one i'm choosing.

@0xTDG Bro you are retarded in very negative way How you wait to sol drop to 70 ish and then you short? Prolly wiser to be long now

I have been PAID (1$ in funding) to short solana:So11111111111111111111111111111111111111112

And now i am in pain Sick of this PA

@derteil00 Insanity

@derteil00 Pandas keep winning

Since mid-march this year I took a break from being 24/7 in front of the screens and markets. In January 2024 I locked in like no one ever did. I literally wasn’t leaving my apartment for like 8 months, ordering everything. I went from 70kgs to 106kg in 2 years. I can’t complain thou, thanks to this I farmed more $HYPE than I would’ve expected, then I found Lighter before anyone else and made great trading&farming decisions not only for me, but also helped many others. Many people say that you need balance. Fuck the balance. Be 100% dedicated when you do something. If you have $0 do everything you can to make money, not only do it for you, but for your close ones. I promised here to start training in May last year - too much work was still yet to be done. This year my focus is getting back in shape. Already went from 106kg-> 96kg in 3 months! without losing much muscles, majority what I burned was the fat. As since I created this twitter acc it was my more of a life diary instead of only trading I’ll share the next update once we change 9->8 at the beginning of the weight. Pandas Keep Winning (Not only in trading) 🐼

@Tekeee how

$250k invested correctly and you never have to work again

@keenn_eth 3x $xpl

Down to my last $37k What should i do ?

Purrions

Looks promising, i am hoping on plasma ship

okey i think we are back to Trillions

I am getting a feeling we are entering some bull market but maybe i am just retarded

@ParadygmatYT Chad, mialbym dla Ciebie oferte pracy przy desku

A w poniedziałek było 100 000 zł

I disagree I agree that the points above increase your chances of being alone I know tons of ppl that i would say do most of the things right and yet do not have a mate and that is for various reasons: - looking for perfect match - maxing experiences over long term relations - actively trying but fail to meet someone that match with them I generally believe that finding someone somewhat decent that you vibe with is hell of a challenge and it aint easy. Actions improve the situation but is not a solution that will guarantee anything close to „success” Writing this from a non weirdo perspective

This is brutal but it's true I've never known anyone who was single for a long time who didn't deserve to be I don't mean because they are bad people But that when you look closely, their life is a really effective system for remaining alone: - They don't meet anyone - They ignore people who express interest - They reject the people available to them - They obsess about people who aren't available - They have insane "standards" for others yet simultaneously never require anything more from themselves - They're still in love with an ex and haven't admitted this to themselves, or grieved or even tried doing anything about it - Their lifestyle sets them up to be a complete weirdo (computer all day scrolling ragebait tweets on X, watching porn, etc) and develop insane attitudes + rationalizations that they never challenge - They spend their time doing "self development" like going to the gym, meditating, recently popular things like looksmaxxing, etc, with the idea of becoming "ready" one day. Yet ready never arrives, and they never actually increase the amount of action they are taking. The things they do is a way to justify not facing fear of rejection Yet they do all this while claiming they "want love" and saying "I tried their best, it just didn't work!" But the explanation 99.99% of the time isn't that it's just a brutal world out there and you're a poor little victim condemned to eternal aloneness It's that something on the list above identified your exact issue That you're single on purpose, because it's a logical inevitably from the way you live But right now you're far more committed to lying to yourself to protect your self image than actually doing anything about it

One more time There is currently an opportunity on $xpl

$xpl looks good here positive news leveregages wiped out

@RealJackPoor Back to the roote

Last year people told me crypto was too risky. So I moved some money into stocks. Stocks dumped. Then I bought gold because everyone said it was a safe haven. Gold dumped. Now I'm looking at crypto again.

@reisnertobias It is 1t bro

HYPE can go to $1000 in a bull market

If you think Saylor will go bankrupt you are very wrong: He will probably sell either BTC or MSTR shares in order to acquire STRC and reduce payment to preferred equity ergo decreasing leverage. IDK how market reacts to selling MSTR and buying STRC, more stability but sell pressure on main entity.