New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Family members, who understands? Fans complain about watching the market but getting liquidated: held the position for 4 days, $1000 was eaten up by funding fees, just closed the position and the market took off... This is not bad luck at all, but a failure to understand the "hidden rules" of contracts!
Today, I’ll reveal 3 of the most deadly traps to avoid, saving you two years of detours:
❶ Funding Fee: The invisible bloodsucker! Don’t just focus on K-line charts! This fee is collected every 8 hours, with a positive rate paid by longs to shorts, and vice versa when negative. Holding a full position and enduring it even if the direction is correct, being charged hundreds of U.S. dollars over two days, and finally unable to withstand and getting liquidated, then missing the next move—so frustrating it causes a heart attack! Trap avoidance: Don’t enter during high fee periods (over 0.1%), hold positions for no more than 8 hours, and prioritize being on the side that benefits from counter-trend funding fees.
❷ Liquidation Price: Nearly half of what you calculated! Think that 10x leverage gets liquidated only when it drops 10%? Wrong! The platform secretly includes liquidation fees; in reality, a 5% drop triggers forced liquidation. Solution: Never go all-in, use “isolated margin” to hedge risks, keep leverage between 3-5x, and leave more margin to extend the liquidation line.
❸ High Leverage = The Killer! 100x leverage looks exciting, but both fees and funding are calculated on the “borrowed money.” Even if you make a few hundred U.S. dollars, you might end up losing money at settlement. Remember: high leverage is only for short-term trades; low leverage is suitable for holding long-term. The higher the leverage, the faster you die! Exchanges aren’t afraid of you losing money—they fear you understanding these tricks! Profiting from contracts isn’t about betting on the direction; it’s about understanding the rules. To survive steadily in the crypto world, follow me for more tips on avoiding pitfalls! #NADA $BTC $ETH $GT