Checking the liquidation percentage gap for each trade, provides a accurate analysis of your open trades. However, when the market is moving too fast, an alternate approach can be taken.
Here’s how to select the right trade to see liquidation percentage difference:
- Go for trades with the most entries.
- If some trades have the same amount entries, pick the one with the biggest percentage increase.
- If you’ve got multiple trades for one coin, check the gap for both coin with multiple trade and the trade with the most entries.
You can access the sheet template here.
With the strategy in place, you can make a good profit without incurring losses. But, you need to be prepared for drastic market conditions, which do not occur often. But when they do occur, your investment will be at risk.
To handle such situations, it is crucial to have additional funds in reserve. We recommend maintaining a reserve of approximately the same capital as your investment to ensure safety.
Setting up alerts for coins for which you have active trades is also advisable. This way, you can reevaluate liquidation margins promptly upon receiving an alert.
