Just yesterday, I mentioned that James recently fell into the 'recent preference' trap of 'irritation' emotions, and some thought I was overthinking...

Now it seems he has indeed entered some kind of emotional problem. Early this morning, he deposited 5.17 million dollars into the exchange and reopened nearly 800 million dollars in long positions at the current small level's highest point (110,000)...

With a slight price correction...

The recently deposited 5 million dollars in margin has already been lost, with an accumulated floating loss of around 7 million dollars...

And the liquidation price has reached 107,580, only 1,500 dollars away from the current BTC price...

Let's not discuss when he will cut losses; can this position be salvaged?

What I want to say is: if you find that the levels you are trading are getting smaller and the frequency of trades is increasing, even if you feel good about yourself, you should stop at this point...

The essence of this behavior comes from an emotion, which is 'defiance'!

After cutting losses, the more you think about it, the angrier you get, and the angrier you feel, the more you decide to continue to fight against the market. This is the path I take every time I suffer significant losses...

In James's case, the behavior of fighting against the market mainly manifests in 'wanting to trade in segments or trends during a volatile market' and 'lacking the patience to wait for low prices to go long or high prices to go short';

The market clearly indicates that it will only restore volatility after the U.S. stock market opens on Tuesday, so it is obvious that this is not a suitable time for trading. In times of poor liquidity, opening such large positions, the slippage alone can be very damaging...

Finally, back to this long position, I expect the target for the correction in this volatile market to be around 108,000. So if he is willing to hold on, there may be hope to narrowly escape liquidation, but considering his recent attention, market speculators or CEX market makers will really want to consume his holdings...

Due to this trading frequency and opening logic, it has already fallen into the 'irritation' category. Anyone who enters this state, at most after 3 stop losses, will develop a lucky mindset of 'this time I will hold on to the end'...

Maybe when you wake up tomorrow morning, you'll see news of him being liquidated or cutting losses again...