Latest news, Liangxi opened a $200 million short position in Bitcoin, and as the price rose, he kept adding to his position. At one point, he had a total of 2000 Bitcoin in short positions. Although he did incur some stop losses, he has held onto his shorts until now and is close to being liquidated. This time, if he is liquidated, he will lose everything, including his principal and interest, and will also be in debt by tens of millions! Recently, he has been posting frequently, expressing that he is very distressed and feels helpless about the positions he is about to face liquidation on! His once glorious history (starting with 1000 yuan, turning contract assets into 10 million) has become a thing of the past, and the trading market's conditions are rapidly changing. The most terrifying thing in life is to take achievements obtained by luck and believe they are due to one's own strength or feasible experience for long-term use!
I admire Liangxi's courage and boldness, but the market is like a battlefield; not only does one need courage and bravery, but also good strategies and tactics! Otherwise, a single wrong decision could lead to profits being wiped out and repeating past mistakes!