Henlo frens, can someone explain this leverage shit to me?(Binance)

[Anonymous No.49671113]

I longed 100$ at 28k and liquidation price was at 14k and longed again with the same leverage (2x) with 50$ at 20150 and they added it to the 100$ position instead of opening new one(I thought that was the case, I'm newbie) and then the liquidation price changed to 11k. My question is: does that means liquidation v won't happen if you added more to your existing position?

[Anonymous No.49671217]

>>49671113
I don't know

[Anonymous No.49671293]

>>49671113
What exchange are you using anon. Be aware that leverage trading is akin to gambling. It would lowers your liquidation point when you added to your position. I don’t know. They should have a guide that explains all this kikeshit

[Anonymous No.49671295]

>>49671113
¯\_(ツ)_/¯
Espérate orders on kucoin

[Anonymous No.49671355]

>>49671113
>100$
>50$
Lmfao

[Anonymous No.49671412]

>>49671293
Binance. I know the risk of leverage but I can't stop seething about recouping my losses.
>>49671295
?
>>49671355
Huh?

[Anonymous No.49671420]

>>49671355
Hes literally learning a new skill
Always test the waters first

[Anonymous No.49672835]

Good riddance
Should've asked in Reddit in the first place