**Liquidation on futures: the unwanted death of your positions**

I'll tell you this – when your position is liquidated, it's like someone stabbed you in the back. You're sitting there, looking at the chart, thinking everything is under control, and then bam – your money is gone! Damn liquidation – it's when the system just forcibly closes your position as soon as the margin balance falls to the minimum. Essentially, you're thrown out of the game with no right to appeal.

###What happens during liquidation?

You know, these crypto platforms love to talk about a "fair price" during liquidation. Ha! Fair for whom? For their pockets? They claim to use some clever marking mechanism to prevent you from getting squashed due to market manipulation. But how many times have I seen positions get wiped out precisely on the wicks!

And this system greedily demands more margin for large positions. Like "risks", "effective closure". In reality, this is just a way to squeeze more money out of you! When liquidation begins, your orders are canceled first – and they don't care about your strategy.

###Calculation of Liquidation Price – Mathematical Execution

Here is the math of survival:

- **Condition of execution:** _Margin + unrealized profit/loss < Maintenance margin_

- **For long:** _Liquidation price = (Maintenance margin - Position margin + Average price × Position size) / Position size_

- **For short:** _Liquidation price = (Average price × Position size - Maintenance margin + Position margin) / Position size_

Recently, I opened a long position on 0.1 BTC at 50000, using a crazy leverage of 25x. The maintenance margin came out to be 20 USDT, and the position margin was 200 USDT. And this damn liquidation price for my long turned out to be 51800 USDT! The market just needs to drop by 3.6% – and my money will vanish.

###Margin Modes: Choose Your Core

**Isolated margin** – some illusion of control. I limited the amount, and let the rest burn. You can add margin if you start to panic.

**Cross-margin** is basically a roulette! Your entire account balance is at risk. Although theoretically this reduces the probability of liquidation, when the market goes against you, it's just a slow death of your entire account.

###Risk Limits – Corporate Nonsense

All these "risk limits" are yet another trick. Supposedly a protection against frequent liquidations. But what is the reality? The larger your position, the more margin they take from you! And after all, large players are already in a more advantageous position – they have deep pockets and a safety cushion.

For me, the most important thing is to constantly monitor the liquidation price and ruthlessly close positions that go against you. You shouldn't believe that it will "bounce back". There is no mercy in this market – it's either you or it.

And remember – these "fair" mechanisms are designed so that in the long run you will still lose. But if you play smart, you can stay afloat in this ocean of predators for some time.