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The day before yesterday, I operated a leveraged position on a certain exchange. The software showed an estimated liquidation price of 3106. Out of caution, I set a stop-loss order at 3118. As a result, the market surged all the way up, and when it hit 3120, I was directly liquidated.
The most outrageous part is that I contacted customer service to ask about the situation, and they responded by saying that the estimated liquidation price has little reference value. So I have to ask—if this number has little reference value, why is it still displayed to users in the software? Isn't that just misleading people?
The difference between the liquidation price and the stop-loss point is 14 points (from 3106 to 3120). Whether this gap is considered large or small, the real issue lies in the accuracy of the estimated data. If the system's liquidation estimates are unreliable, how can users manage their risks? Setting a stop-loss then becomes just psychological comfort.