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$NIGHT's performance is truly surprising. Just one day has passed, and the position has skyrocketed by over 80,000. This growth rate is indeed a bit overwhelming.
At this pace, there might be another roughly 100,000 increase in the remaining trading time. But here’s the problem — this actually doesn't help much with my trading competition results.
Since the first day, I never thought about giving up and have been diligently following this competition, only to be overtaken by later entrants. Seeing the numbers on the leaderboard makes me want to cry. Sometimes, the market is just like that — the gains you make by getting in early might still be no match for those who come from behind.
Losing out in the morning trading suggests you didn't calculate your leverage properly, which is a microcosm of systemic risk.
An 80,000 increase looks attractive, but in reality, the borrowing rate is soaring. How close is the liquidation price to you? It's better to focus on risk management than to follow blindly.
For latecomers to surpass others, it's not luck; your position structure was already unbalanced, just a domino effect.
$NIGHT's recent surge is too steep; you need to see if there's any sign of funds dumping, or else this is just a setup.
Losing in the morning trading is routine; the key is whether you're using leverage to gamble on this rebound, which is truly dangerous.
Leaderboard numbers can be deceptive; liquidation prices won't lie. Check your health factors first.
Seeing a limit-up and wanting to cry? Traders like that probably don't understand the necessity of deleveraging.