Let's talk about leverage. The markets today have been a stark reminder, or a new lesson for some, that leverage can be dangerous. I only ever bet a small amount of my portfolio less than 1% on leveraged positions like perps or even folded up leveraging. Another rule I like to follow is that I never open two perp positions at the same time. Most tokens move together and when you open a long ETH position on perhaps @HyperliquidX You cannot open another position if it dips quite significantly. Sure, you can ladder in and lower your entry price. However you never know when it's going to dump. I'd much rather have dry powder ready for a major dump So if I have an eth position opened, that has been liquidated. And it dumped significantly. I might open a leverage long on another asset of similar market cap, BNB, BTC, SOL, S... Whatever choice you make it's up to you but I think you get the point. I always mark my liquidation prices on my perps charts for defi positions. I...
13.09K
6
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.