My fren transferred 50U and 100 USDC to me for practice. I initially deposited it into Hype chain, but the Gas fees were so high that I started to doubt life, so I quickly moved to a certain exchange. I heard that open orders have zero fees? I went in with a try-and-see attitude.

Today the market suddenly plummeted, and I opened a position in ETH. The price kept crashing down, and at the lowest point, I hesitated—there were clear signs of consolidation, so I simply turned around and went long. I placed a few open orders in the 2725 to 2735 range and set up a take profit for automatic liquidation. In the end, I closed that short order at 2747, and I also managed to catch a swing trade on ZEC at 365 short and 340 flat.

Looking back, the account has almost doubled.

Excited but starting to panic: Did I leverage too aggressively? This rhythm feels off... And the open orders really have zero fees! It feels like picking up money.

But now I'm still holding two GIG long positions, opened at 90 USD, without setting a stop loss. Watching the coin price makes me nervous—please don't keep falling, God bless.

USDC-0.02%

HYPE1.95%

ETH3.39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

fren.eth

· 12-01 19:48

What the hell, has it doubled? Something's not right, this luck is too bizarre.

View OriginalReply0

pumpamentalist

· 12-01 19:47

Dude, this luck is insane, making money fast and losing it even faster. If it weren't for the lack of a stop loss, I'd have to give you a thumbs up.

View OriginalReply0

RektButStillHere

· 12-01 19:44

This doubling speed is a bit scary, zero fees are really a trap... --- Does GIG have no stop loss? Dude, you’re gambling with your life here. --- The gas fees on Hype chain are indeed outrageous, I've been trapped before, now I’m avoiding it. --- Doubling quickly from 150U? This rhythm is off, it will eventually need to be paid back. --- The feeling of picking up money is the most dangerous, it can turn into Rekt in the next second. --- Can you sleep holding two long orders without a stop loss? Go-with-the-flow trading? --- Zero fees for open orders feels... even more sinister to me. --- If this wave traps you, you’ll have to start all over again. --- Not setting a stop loss at 90 dollars for GIG is indeed a bit of a gamble. --- Instead of doubling, the account is starting to panic, this is the normal reaction haha.

View OriginalReply0

GateUser-addcaaf7

· 12-01 19:40

Haha, is this the legendary Newbie luck? Doubled and still dare not to set a stop loss, that's really bold.

View OriginalReply0

BearEatsAll

· 12-01 19:27

Doubling up makes me panic, this mentality is truly impressive. You'll know what excitement really is when the pullback happens.

View OriginalReply0