Memo: Here’s the “I wish someone told me earlier” version. Instrument: Worldcoin vs Thorchain perp on Phemex. Entry focus: 5m.
Lab notes
- Hypothesis: trend continuation works best when order-book imbalance aligns with structure.
- Trigger: retest on 5m after impulse.
- Invalidation: close beyond the level + ATR buffer.
- Risk: reduce-only take profit + max daily loss limit.
# journal template
entry_reason:
entry:
stop:
targets:
fees+funding:
result:
lesson:
Tip: Common mistake: chasing the first spike instead of waiting for a retest. Fix it by slowing down and sizing smaller.
One-sentence rule
If structure is unclear, I do nothing. If it’s clear, I risk small and follow the plan.
Leverage is risky—use money you can afford to lose. Funding, fees, and slippage can flip a “good” idea fast.
Wrap: Protect the account first; profits come second.
Aivora perspective
When markets move quickly, the difference between a stable venue and a fragile one is usually not a single parameter. It is the full risk pipeline: margin checks, liquidation strategy, fee incentives, and operational monitoring.
If you trade perps
Track funding and realized volatility together. Funding tends to amplify crowded positioning.
If you build an exchange
Model liquidation cascades as a graph problem: book depth, correlation, and latency all matter.
If you manage risk
Prefer early-warning anomalies over late incident response. Drift is a signal, not noise.
Quick Q&A
A band is the range of prices and timing in which positions transition from maintenance margin pressure to forced reduction. Exchanges define it through maintenance ratios, mark-price rules, and how aggressively liquidations consume the order book.
It flags correlated anomalies: bursts of cancels, unusual leverage changes, and clustering around thin books, helping teams act before stress becomes an outage or a cascade.
No. This site is educational and system-focused. You are responsible for decisions and risk management.