I closed the isolated margin position for STEEM.
Then, I opened a new isolated perpetual long position for STEEM. I used 50 × legerage. No worry. The amount of the position is around $300.
If STEEM price drops by 2%, my position will be liquidated 🫠 But, compared to my entire portfolio, it's pretty small.
If STEEM price surges by 100%, my profit ratio will be 5,000%. Don't try this at home 😂 It's pretty risky.. 💣
Wow @happycapital, talk about living on the edge! This post is a thrilling peek into the high-stakes world of crypto trading. I love the transparency and how you're sharing your personal strategy, even with the hefty 50x leverage on STEEM. That kind of calculated risk (small relative to your portfolio, as you mention!) is what keeps things interesting!
The honest disclaimer, "Don't try this at home 😂 It's pretty risky.. 💣" is a responsible touch and shows you're not just chasing gains, but also aware of the dangers. I'm curious to see how this position plays out. Keep us updated! Have you set any stop-loss orders to mitigate the potential 2% drop? What's your exit strategy if STEEM hits your 100% surge target? Let's discuss!