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Bangkok, Bangkok, Thailand
Posts: 1 since Sep 2022
Thanks Given: 0
Thanks Received: 0
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Hello! I am very new to futures trading and I found myself in a funny situation.
Somehow I got a free $8 to do futures trading here on KuCoin and LUNC was the token with the highest green % at around 40% at the time, I played around with some quick buys and sales at 20x leverage making another 8$ or so, and then I bought in at 0.000217900 for ~$8at 20x leverage (I think thats the right X). But then it hovered for a long while and for whatever reason I bought Margin for the $8 in profit I had thinking it would increase the leverage but I guess it did the opposite?
So now it's obviously its gone up a whole lot and it now says Margin (Leverage) 21.80USDT(0.38x) Does that mean that the 20x Leverage is now gone and if it goes up another 10% from where it now sits I would only make another 3.8%?
I read another post about Leverage going down when profits go up and go up as profits go down? That's the opposite what I want to do so I might as well cash out everything and buy into the current price at a new fresh 20x Leverage and just hope it keeps rising?
And If I close the position I am at now do I get the Value $ + Margin $ and the Unrealized PNL? at (3355.09%) atm.
Thank you for any input and i am happy to play around with the money I currently have on there so no problem if it all is lost 
Cheers!
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