Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Do you remember Big West Hanner's move? Shorted TRB on OK Exchange, and as a result, the leverage liquidation led to bankruptcy. This guy's trading style is almost identical to how some people operate now.
What seems like a simple short strategy can quickly wipe out your account if the leverage ratio is set improperly or stop-losses are not well managed. Although OK Exchange's margin mechanism offers platform protection, during strong rebounds from the counterparty, liquidation can happen so fast that you have no time to react.
This isn't the first time, and it won't be the last. Every year, people repeat the same mistakes—high leverage, small stop-losses, large positions. The final outcome is just like Big West Hanner's, with the account wiped out.