Yaro | CryptoBro.co pfp
Yaro | CryptoBro.co

@yaros

How to set a stop-limit in profit and end up with a -20% loss in a second? Welcome to #PARADEX. 🚨 Don’t make my mistake. 🚨 I set a stop-loss slightly in profit on a $5k Layer position. Got hit with a $1k instant loss. How? 🤔Liquidity vanished in a second from the order book, then magically reappeared. 🤔Default slippage on stops is set to 20% (WTF?!). 🤔The ā€œstandard chartā€ shows oracle prices, not the actual mess in the book. Sorry, but if you can’t handle a $5k position without slippage, why even list the pair? Who is this for, traders with $10 deposits? Lesson learned: Avoid low-liquidity pairs on new perp DEXs. 😤🚫
0 reply
0 recast
0 reaction