James recorded a $70.71 loss after closing a 40x leveraged long position on Bitcoin.
He has opened a new 40x leveraged short position despite previous losses and high market volatility.
Bitcoin price rose 2.16% to $107,903.55, adding pressure on James’s current short position.
James has continued to face losses in the volatile world of cryptocurrency trading. After closing his long position on Bitcoin ($BTC) with 40x leverage, he recorded a loss of $70.71. Despite using a small trading size, he was still unable to avoid a negative outcome. Now, James has shifted his strategy by entering a short position on $BTC, once again using 40x leverage. So far, his efforts to generate profit have not shown positive results.
Another Attempt Ends in Red as Shift in Strategy Brings New Short Position
According to recent trade data, James exited his long position on $BTC after losses reached $70.71. The position was leveraged at 40x, amplifying the downside of the market’s move. This exit marked yet another loss in a string of unsuccessful trades. James’s position was relatively small, yet the result was still unfavorable. The high leverage made the margin of error very narrow. With 40x leverage, even a slight market fluctuation leads to a significant impact on equity.
https://twitter.com/OnchainLens/status/1931646383527977342
Immediately after closing the long trade, James opened a new position. This time, he went short on $BTC, maintaining the same 40x leverage. His decision reflects a shift in market expectations, possibly in response to recent price movements. However, results from the new position are yet to show improvement in his trading performance.
The use of high leverage continues to present a significant risk. Even small shifts in BTC’s price can wipe out gains or deepen losses. Despite this, James has remained consistent in using high-risk settings across trades.
Profit Remains Elusive Despite Smaller Exposure
Though James has kept his trading size small, profitability continues to be a challenge. The consistent use of 40x leverage leaves little room for error. The pressure of precision trading under these conditions seems to have contributed to repeated losses.
A look at the Bitcoin price indicates that Bitcoin is trading at $107,903.55, marking a 2.16% increase over the last 24 hours. Market cap stands at $2.14 trillion, also up 2.16%. Trading volume reached $44.49 billion, reflecting a 22.54% rise. The chart shows a steady upward movement, peaking sharply above $107.9K after a brief consolidation near $105.7K earlier in the day.
Source: CoinMarketCap
The trading records show no sign of gains so far. This pattern remains unchanged, even as position, direction, and strategy shift. So far, every attempt has ended with a loss, and profit has remained out of reach. At the time of reporting, James’s new short position remains open. His continued use of high leverage indicates further exposure to market volatility. As this position develops, more updates will clarify if the shift in approach will yield any improvements.
