Trader (0xCC90...7AE5) opened a LONG position on BTC at the price of $30,842.17 two months ago.
- Collateral: $1,505,652
- Leverage: 3.9x
- Size: $5,939,379
- Currently at a 61% loss (-$919,108)
- GMX Fee: -$214,804
#onchain#GMX#crypto#BTC
New rounds of phishing attacks already underway for the poor users of FTX, BlockFi, Genesis, as a result of the Kroll data leak, which seems to be a result of a SIM swap on an employee.๐คทโโ๏ธ
Learn to protect yourself. Learn about phishing attacks๐
https://t.co/y3LZhJjw3V
#crypto2023
๐ผ Larger bets mean higher potential profit, but increased volatility.
After 590 bets (4% bet size), $50 loss (50% of portfolio). Compare to minimal loss with 1% bet size.
Proper capital management is crucial for lasting trading success. ๐๐ฐ
โ Optimal bet size balances profit and risk.
Meet John Kelly and the Kelly criterion. It calculates how much to invest per trade to maximize gains while avoiding bankruptcy.
โ Capital management or Money Management.
๐น Master preserving your capital while trading. Learn the guide to managing money effectively.
๐ธ Avoid wiping out your capital with failed deals. Even with $100, these principles apply.