$RAVE This time, I lost completely and cleanly.



In the $28.79 million liquidation volume, I’m part of it. I’m one of those stupid short sellers, watching the price skyrocket 132% in a single day—adding margin all the way, getting pulled through all the way. The largest single liquidation of $467,792 isn’t mine, but my $110,000 is enough to make me start sleeping in a bridge tunnel from tonight.

Today, I watched my position go to zero with my own eyes—I slammed straight into the most extreme wave.

I thought RAVE would follow, but it just lifted off right where it was. The main force specifically hunts down smug little retail traders like me. 30,935 people got liquidated together—we’re all unlucky brothers in the same boat.

Short positions got liquidated for over 24 million, while long positions were only 4 million—the market is just blowing up the bearish people like us. I reflected. And the result of that reflection is: I don’t deserve to play this game.

Goodbye to leverage trading. Goodbye to contracts!
RAVE240,64%
View Original
post-image
post-image
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.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
Hermit96
· 4h ago
Avoid high leverage on contracts; buy some World Cup tickets to recover some losses.
View OriginalReply0
GateUser-e55d2097
· 10h ago
Working for a year just to earn it back
View OriginalReply0
View More
GateUser-2f6c2d7c
· 10h ago
Same here, only a few people in this circle are making money. Just one counter-directional anti-order can cause you to lose everything.
View OriginalReply0
View More
EverythingGoesAsOneWishes
· 10h ago
Poor person
View OriginalReply0
View More
ItWouldBeGreatToEarn100Yuan
· 10h ago
Up to level 2, where does the 110,000 come from?
View OriginalReply1
View More
  • Pin