I used to think that losing money in trading was always due to my own lack of skill.

Later, I found that it was purely a problem of cognition and IQ tax.
I have a particularly foolish habit: countering single positions and opening and closing large positions in the short term.
My friends around me all know that I have held a long position in #ARB for over a year.
Also, there are frequent large position market orders and closing orders in the short term!
These are two particularly silly behaviors.
At that time, my friend calculated that the funding rate for holding #ARB for a year had already cost me several thousand dollars, possibly even more.
The problem with opening and closing large position market orders is that they can experience very high slippage when encountering tokens with poor depth.
You place a limit order but can't get filled when there is a big positive news and rising market, while entering at market price may result in slippage that is too high, and the slippage loss could exceed the transaction fee.
Brothers who often place orders should notice that when they see the price of some altcoins at 0.1, but when they enter a large position at market price, they find that the cost price of the order is actually 0.11 or even 0.15. This is a problem caused by insufficient liquidity depth.
In fact, many exchanges have this situation where certain altcoins that have been neglected and forgotten by retail investors end up in a cold storage.
Today, we suddenly talked about this.
Out of curiosity, I learned about it and realized how much loss my unhealthy trading behavior in the early days had brought me.
#BitMart exchange's bold and innovative reform actions are quite admirable.
Lead by example, let the exchange get involved, sincerely do what we can to provide a platform with a good experience for both retail investors and professional traders, ensuring trading convenience for everyone while also safeguarding users' funds.
This time their reform content mainly focuses on three aspects.
First: Slippage Protection Plan!
As long as the slippage caused by deep liquidity and technical issues on their platform exceeds 0.05%, you can submit your trading proof, and the slippage loss can be compensated within as fast as one hour.
Second: Ace Trader Program
Professional traders with a brought-in order can earn up to 50% profit sharing! They can also receive comprehensive support from official resources and marketing! This is more suitable for experienced traders.
Third: Monetization of influence
Provide channel agents using the platform with up to 60% spot commission and up to 70% futures commission! Moreover, there is official support in various aspects to help influencers quickly monetize their influence! As far as I know, this commission rebate is considered high.
I am quite looking forward to what specific effects this bold and decisive approach can produce.