I believe that many friends, like me, have been able to receive notifications of liquidation from Huobi since they played the Bitcoin contract. As long as an order is opened, the position is liquidated. It seems that the market is always right with me. The market must fall, I am short, and the market must rise. Is the main force staring at my tens of thousands of dollars?
It's been 3 years since I entered the currency circle. Looking back, there were 576 text messages on mobile phone liquidation. According to preliminary calculations, the total loss exceeded 400,000, but my account assets have been growing. Up to now, the account assets have reached 2.8 million. You must be very curious. What happened during this period?
This is how it happened. In 2017, Bitcoin ushered in a super bull market. The price of the coin rose to 20,000 U.S. dollars, which made countless people become rich overnight and created the myth of the currency circle. My college classmate bought 2 houses in Wuhan Optics Valley through currency speculation. In mid-December, a classmate reunion, he told me about his experience of speculating and buying a house. I was very excited about it. I checked all the Bitcoin information carefully that night and started to step into the currency circle.
I have always been vigorous and resolute in doing things. The next day, I paid more than 40,000 US dollars and bought 2.3 bitcoins. I thought I could catch up with the bull market and make a fortune. Unexpectedly, within two days, Bitcoin ushered in a sharp drop and successfully put me on the top of the mountain.
There is a saying in the stock market: When the aunts who sweep the streets know that the bull market is coming, and when they rush into the stock market to grab stocks frantically, it means that the bull market is coming to an end. The same is true in the currency circle. Even people who do projects like me know that Bitcoin is skyrocketing. When you have to hurry up, it means that this round of market is about to end. The only good news is that in addition to buying up, digital currencies can also be bought down, which is what we often call contracts.
The spot is trapped, cut the meat and sell it. I can't bear it, so I tried to get back the cost by playing the contract. I still clearly remember the first contract I opened. On the evening of December 22, 2017, I was having a drink with a group of workers on my construction site. My classmates called and said that Bitcoin had plummeted. I hurriedly shorted it. It is very likely that it will fall below 10,000 US dollars tonight. I took out my phone in a daze, opened the market, and it was indeed plummeting. At this time, Jiu Jin came up, I didn’t even think about it. I immediately used 32,000 times to short the full position near 12,000. After opening the position, my colleagues and I continued Drinking and bragging with them, I will be rich tonight.
Unexpectedly, after Bitcoin dropped to $10,994, it began to rebound quickly that night. It rose to more than $14,400 the next morning, an increase of more than 20%, not to mention 20 times, even if it opened 5 times leverage, the position was blown out. , My 30,000 yuan was just like that.
After that, the more I lost, the more I wanted to make it back. Regardless of whether there was a market or not, I operated frequently every day, and the deeper I was. When I lost the most money, I lost 70,000 or 80,000 yuan a day. I sold all the trailers on my construction site. In the end, I lost more than 400,000 yuan.
Although the contract has been losing money, fortunately, I am very conscious. In the process, I have been studying the market and looking for ways to improve my winning rate. In the end, Huangtian paid off. In early March last year, I learned about the option hedging strategy. This became a turning point in my contract history.
The most classic case is the 3.12 waterfall. I used 55,000 times to do the long, and at the same time opened 20 4-hour put options on BitOffer for hedging, and the cost was about $1,000. In the end, Bitcoin fell to 3,800 U.S. dollars, and fell by more than 2,200 U.S. dollars in 4 hours. Although my contract was liquidated, my options earned more than 44,000 U.S. dollars. Excluding the principal for opening the contract, he also earned more than $30,000, which is 44 times the principal.
After that, through the option hedging strategy, I counterattacked all the way and gradually turned losses into profits. As long as the market fluctuates slightly, and after option hedging is turned on, no matter whether the contract direction is right or not, profits will eventually be realized. This is the reason why my contract liquidated 576 times, but I made 2.8 million!