> For the complete documentation index, see [llms.txt](https://dogex-3.gitbook.io/dogex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dogex-3.gitbook.io/dogex-docs/dont-get-rekt-guide.md).

# Don't Get REKT Guide

## Don't Get REKT Guide - Survival Tips for Degens

### Liquidation: The Silent Killer

Liquidation occurs when you've lost 90% of your collateral. It's analogous to a casino, where market volatility acts as the house edge.

#### Warning Signs of Impending Liquidation:

* The price is moving against you
* You're sweating profusely
* Constantly refreshing charts
* Checking your position every 30 seconds

### Pro Tips (From Reformed Degens)

1. **Start Small, Dream Big**
   * Use the minimum leverage (10x)
   * It’s still sufficient to risk losing money efficiently
2. **Set Stop Losses (Even Mental Ones)**
   * Have an exit plan
   * Adhere to your plan (this is the challenging part)
3. **Avoid FOMO Trades**
   * FOMO is a psychological trap
   * It leads to financial ruin

### Understand Liquidation Math

* Your position gets liquidated when your loss is ≥ 90% of your collateral.
  * Example: Start with 100 USDC, lose 90 USDC = Liquidated (REKT)

### Leverage Guidelines for Humans

* **10x-20x**: "I'm being responsible"
* **50x**: "I'm feeling dangerous"
* **100x**: "YOLO mode activated"
* **200x**: "I have no regard for my financial well-being"

### Psychology of Trading

Remember: The market can remain irrational longer than you can maintain solvency (or sanity).

#### Stages of a Leveraged Trade:

1. **Confidence**: "This is easy money."
2. **Concern**: "It's just a small dip."
3. **Panic**: "Should I close this position?"
4. **Terror**: "Why didn't I take profits earlier?"
5. **Acceptance**: "That was a costly lesson."


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