Liangxi is not just betting on the wrong direction, but treating trading as a performance.
Liangxi understands risk; he is aware that the market is moving against him. His problem isn't about 'judging the direction incorrectly', but that he treats trading as a performance.
Many KOLs in the crypto space have gone astray like this:
Initially, they traded seriously, then they started creating content, and later they began 'trading for content'.
Whether or not they get liquidated is no longer the point; the key is whether each trade can tell a story, whether it can be screenshot, and whether they can maintain their 'legendary persona'.
Liangxi keeps averaging down and opening short positions, even as the market continually rises. He refuses to cut losses and admit he was wrong because he needs to endure. He knows that only by enduring can he prove he is not someone who 'easily backs down'; only by enduring can he maintain the 'iron KOL image' he has built in the crypto space.
This is the saddest part of the crypto world: trading is no longer a decision for oneself, but a performance for the audience.
This isn't a fight for survival in the market; it's a quest for popularity in front of the camera.
Liangxi's liquidation isn't a one-time operational mistake, but a performance that should have ended long ago but continues.
Retail investors think they are trading with a master; in reality, they are just accompanying an actor in a play.
And you, having bought a ticket, put in your capital, and were taken away with the last bit of your sanity when the curtain fell.
Trading is not a livestream; when you're wrong, you should exit.
What gets liquidated is not the direction but the obsession of treating the market as a stage.
