Finally waiting for you, fortunately did not give up. Just thinking: Tomorrow 3 airdrops, do the brothers have a chance with 195 points? Everyone be careful with this little thing, there are only a few days left. Contact esport $ESPORTS , if empty remember the empty $BEAT $PIEVERSE , if not empty it's a disservice to one's own intelligence.
Shorting for 1 month lost all gains from 3 months! These hidden losses have clearly trapped me 😭
Who understands, family! Thought I had figured out the market trend, decisively shorting with leverage, only to be harshly taught a lesson by reality—what seemed like quick money-making operations were all invisible traps of hidden losses!
At first, I made a small profit on two trades and felt on top of the world, thinking I had mastered the ups and downs, so I decisively increased my position and magnified my leverage. But then the market suddenly rebounded; within just 6 minutes, it triggered my stop-loss and all previous profits were wiped out, even losing my principal! What’s worse are those hidden costs: overnight interest deducted daily, rolling over contracts incurs a premium, and before the price drops, half of my profits were eaten up by costs.
The most deadly is the “infinite loss” minefield! Going long can at most lose your principal, but going short can lead to losses with no bottom line—the higher the price rises, the more you lose. Trying to hold on to the position just leads to margin calls, and if you don’t add to your position, it gets forcibly liquidated, resulting in losses that are double your principal! After seeing the case of a giant whale losing 60 million USD in 47 days, I realized that my losses were just the tip of the iceberg; high-leverage shorting is essentially a death spiral.
Summarizing 3 painful lessons, I advise all retail investors to avoid pitfalls: ❶ Don’t believe in “guaranteed profits” rhetoric! Blindly shorting without in-depth fundamental research is just handing over money. ❷ Never be greedy for high leverage! 40x leverage may seem like it doubles your profits, but the risks can directly bring you to zero. ❸ You must set stop-losses! Holding on with a sense of luck will only turn “small losses” into “blowouts.”
Now I finally understand, the hidden losses from shorting are much harsher than visible losses—fees, interest, and volatility risk are all invisible assassins! Are there friends who have also fallen into the trap? Let’s share our experiences in the comments to avoid pitfalls, and follow me for more real trading stories of blood and tears, so we are no longer cut down by shorting traps!
The thing I was most worried about has happened, once it is cracked, the BTC myth will be completely shattered. But don't worry, I will continue to short. $BTC
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Open Coin (OPEN), ZAC Coin, Somnia (SOMI), Mitosis (MITO) and BounceBit (BB) comparison: OPEN focuses on AI blockchain, price $0.53, market cap $114M, active trading. ZAC is an Ethereum DeFi token, price $0, project stagnated. SOMI is an EVM L1 chain, TPS exceeds 1M, price $0.71, market cap $114M, recently increased by 50%. MITO is an L1 liquidity protocol, price $0.16, market cap $30M, innovative LP tokenization. BB is a CeDeFi platform, BTC staking + lending, price $0.197, market cap $47M, 24h volume $35M, monthly increase 31%. OPEN/SOMI is suitable for AI high performance, MITO/BB has DeFi potential, ZAC needs revitalization. Risks include volatility and unlocking. @BounceBit #bouncebitprime $BB
Open Coin (OPEN), ZAC Coin, Somnia (SOMI), Mitosis (MITO) and BounceBit (BB) comparison: OPEN focuses on AI blockchain, price $0.53, market cap $114M, trading is active. ZAC is an Ethereum DeFi token, price $0, project is stagnant. SOMI is an EVM L1 chain, TPS exceeds 1M, price $0.71, market cap $114M, recently increased by 50%. MITO is an L1 liquidity protocol, price $0.16, market cap $30M, innovating LP tokenization. BB is a CeDeFi platform, BTC staking + lending, price $0.197, market cap $47M, 24h volume $35M, monthly increase of 31%. OPEN/SOMI is suitable for AI high performance, MITO/BB has DeFi potential, ZAC needs revitalization. Risks are volatility and unlocking. @BounceBit #bouncebit $BB
Open Coin (OPEN), ZAC Coin, Somnia (SOMI), Mitosis (MITO) and BounceBit (BB) comparison: OPEN focuses on AI blockchain, price $0.53, market cap $114M, active trading. ZAC is an Ethereum DeFi token, price $0, project stagnated. SOMI is an EVM L1 chain, TPS over 1M, price $0.71, market cap $114M, recently up 50%. MITO is an L1 liquidity protocol, price $0.16, market cap $30M, innovative LP tokenization. BB is a CeDeFi platform, BTC staking + lending, price $0.197, market cap $47M, 24h volume $35M, monthly up 31%. OPEN/SOMI is suitable for high-performance AI, MITO/BB has DeFi potential, ZAC needs revitalization. Risks include volatility and unlocking. @BounceBit #boundcebitprime $BB