James's position has decreased from a high of 1 billion to 279 million, with a maximum profit of 80 million USD, and now he has also lost that, with a net loss of over 27 million in the last 30 days.
The market has been bad in recent days, always heading towards his liquidation price. Every time he approaches the liquidation point, he makes a reduction in his position, and when the price stabilizes, he buys back the position, frequently reducing and opening positions, resulting in very high wear and tear.
He is again using 40X leverage.
I really don’t understand his operations; I was the same when I was high. Until the principal was consumed completely, isn’t this the standard operation of a genius trader? Could it be that he is just a big retail investor like the rest???
His kind of obvious strategy exposes his weaknesses to the market; what benefit does that bring him?
Recently, my girlfriend has been obsessed with scratch cards, hoping to win 1 million to pay off debts for Zhu Ge. We are really getting closer on the path of genius.
Today, I scratched 3 cards for 60 yuan and didn’t win a thing.
I’m now afraid to go to the convenience store with her; I just wanted to buy an ice cream.
Scratch cards and lotteries are just dreams created for the poor.
Contracts are somewhat similar; buying an unknown outcome.
The price of Bitcoin has reached 110,000 again, let's take a short position here. Just set the stop loss at the previous high, and if the price continues to reach new highs, let it be. Today the US stock market is closed, if you don’t want it to drop, just keep consolidating in this range. In any case, the odds are sufficient here to take a short position without any issues.
Sigh, it's frustrating. Recently, my house has been listed with an agent, and I don’t know when it will sell. Now the monthly interest and principal on the debt are nearly 20,000, and I only have 20,000 left in my account. I’m ready to withdraw funds to repay the loan at any time.
On the 21st of next month, I can still survive for about 20 days.
I hope the house can be sold within these 20 days. My account isn’t making much money, just 20,000, as long as I don’t lose money, that’s fine.
In real life, I also have an online store selling clothes, which can earn a few hundred a day, just barely enough for expenses.
Life is so hard, I haven't treasured it properly. I'm feeling so lost.
Last night SOL 178 Dogecoin 0.239 got the US stock market closing, and the US stock market's end was not very good, so I主动止损 left. The main entry price was not very good, and I wasn't very confident, lost 120U. So I went to sleep. Woke up this afternoon and found that SOL reached a new high, and Dogecoin rose 5 points from my cost price. If the two orders were to reach take profit, there should be a profit of 850U. A bit frustrating. The account still has 2650U (loss of 120U)
Last night at 1:15 AM, I was liquidated again. The drop was too fast; I lost a day's gains in just 15 minutes. Due to my heavy position, I even increased my holdings during the rise (at one point, I had floating profits equal to my principal investment). Ethereum dropped the most, leading to my overall position being liquidated. I didn't even have time to react; my mind went blank. When I woke up in the afternoon, I saw the price had returned to its previous high. Sigh, my classic position is gone, but the price remains unchanged. I now have an overall debt of 720,000. I can repay these debts by selling my house and car, but the house is not easy to sell right now. Let's talk about the recent market conditions. From what I see now, Bitcoin is the easiest to trade. Other mainstream coins are relatively difficult to manage because of the significant intraday fluctuations; a heavy position with small stop-losses is almost frequently swept away. The uptrend in a sideways market makes it hard to hold a position, and each pullback is quite substantial. One moment, the gains of a day can be wiped out, making people constantly feel that the market is over. This leads to frequent stop-losses or liquidations. The main issue is with high leverage; if the leverage is low, trading is actually quite comfortable—just buy low and that's it. The returns are decent. Unfortunately, most people lack patience; greed, fear, and anxiety are our biggest enemies on the trading path. This year has been about making small profits, cashing out, then suffering a large loss, recharging, making small profits, cashing out again, and then facing liquidation once more. It's a vicious cycle that is exhausting both physically and mentally. The reasons for this are simple: being toyed with by the market leads to frequent trading, and having too heavy a position causes significant psychological fluctuations. The only solution is to trade lightly and adopt a longer time frame. Short-term trading in a small cycle has too much noise. Many people have already lost a lot, and psychologically, it's hard to accept trading with a small position. Especially after a period of continuous profits, it’s difficult to accept ongoing losses, leading to distorted operations and a collapse in the account's profit curve. I don’t know what to do next; I am left with nothing. My girlfriend said she would give me 20,000 so I can take my time. That money is from her grandmother; she doesn’t have much money after graduating from college. Honestly, I am a hopeless gambler; I don’t deserve it. Last night, I talked to my girlfriend about breaking up, and she cried, saying she is willing to be with me no matter what. Thinking about it now, I feel like a useless person. I harm others and myself. I have lost money, time, energy, and dignity.
It's all blown up, 519, 805, and it's really unfortunate that this has happened while in the car today.
This drop in Ethereum is beyond my understanding; it rose so fiercely on Friday, only to prepare for the drop over the weekend. This is quite the ugly sight.
Actually, there shouldn't be such significant negative news to cause Ethereum to drop this much; the entire decline seems more like a planned event.
Many people I know have blown up, and everyone has returned to zero overnight.
A friend asked me how to pay off debts; I also have debts and don't know what to do, it’s really frustrating.
I haven't even dared to tell my girlfriend about my liquidation; it's too sad.
Woken up in the middle of the night by the sound of phone notifications. Opened my eyes, picked up the blinding phone, checked my emails, put down the phone, and went back to sleep.
Had many nightmares, Woke up in the morning with a fever.
Why is it that every time I buy a coin, it happens at that peak? No matter which coin I buy, it's always the same. I suspect it's intentionally designed.
After this round, there are no sudden wealth gains around me, instead there are many who have gone bankrupt. Of course, excluding the perpetual profit bloggers.
Pig Brother is a perpetual loss blogger, from the big A stock market to the crypto circle. From a net worth of tens of millions to now being in debt, battered and bruised, unable to get back on track.
The only myth exposed to the public eye in the past two years is Langlang, who recently displayed his impressive leverage in long positions, showcasing great ambition. However, the market has been decent for the past two years, but how many have actually managed to navigate through contracts to the A8 or A9 levels? Here, we are not talking about spot trading; the spot trading big shots and us who are guessing sizes are not of the same type.
Moreover, there was a blogger I had high hopes for, the Tortoise and the Hare, who recently suffered a terrible loss. This creates a stark contrast with the aforementioned person.
I lament the capricious nature of this market and the fragility of human nature in the face of immense fame and fortune.
I have lost my way, having seen too many people trying to teach Pig Brother, yet in the end, they are not necessarily doing much better than me. It’s normal for everyone to have a verbal indulgence and seek psychological comfort; I am just a seasoned old leeks, nothing more.
Treating trading as the only way out is truly difficult. Although I have made some small profits recently, they are all thanks to the market.
I recently opened an online store, busy running around, selling only a few dozen yuan a day, hardly making any money. Sigh, Pig Brother doesn’t know what to do in the future; whether to find a job or start another business, both seem hard to make a living.
Bull Demon, you are making a lot of money. Pig Brother is also borrowing like crazy.
The principal is too small, so I can only do some petty tricks to make a quick buck. Although I flipped my account today, it's only about ten thousand yuan. Not enough for others' positions in a few minutes' big fluctuations.
Pig Brother is not envious of others; he has also had it before.
Those who have managed to hold large positions until now should be getting rich. The risks they take and the pressure they endure are something most people cannot handle.
Even if you were given 10 million in your account, most people still might not be able to make money.
I still owe 77,000 on Huabei, plus my brother 100,000. My own account has 4,000 U left. There is still over 3,000 yuan in cash in my bag for living expenses.
Life is too tight; if you can earn a little, then earn a little. If you can't earn, don't get upset.
Just hang in there slowly, if you are also in a low point.
This Ethereum's performance this year has really been terrible, softer than Pig Brother's nephew.
Lost everything because of him on 805.
I swore never to buy him again, but on the afternoon of the 25th, I saw his rebound strength was okay, and I really couldn't resist buying some. Bought in and immediately made a profit, then I also bought some related altcoins, and with my leveraged account, I had a total floating profit of 20%. I thought I’d hold it for a day and felt secretly pleased.
Who would have thought, this ETH is like a stone in a cesspit, both smelly and hard, and then another round of plummet, explosion. I'm really fed up, I have a thousand curses to say!
This Ethereum has a big problem, a huge problem! Infinite death spiral 🌀
Old veteran in the crypto circle for 7 years, new investors, all are in it. What are you all doing in there, suffering together?
It might rise in the future, it might soar, but it could also fall, and plummet.
But earning this money is just too hard.
Shorting Ethereum will always make you rich. But you have to be wary of him, he can rise by 20 points in a day.
In short, my evaluation of him is limited to contracts,
In the afternoon, it's still a bull market. I bought a lot in one go, reluctant to sell. After midnight, it turned into a blockchain scam. I once wondered if some big figure had passed away?
Reluctantly sold. Cut, cut, cut. The bad news is that all the profits are gone, the good news is that the principal is still there.
I only have about 3000u left in my account. This 3000u has to cover living expenses and pay off loans.
Recently, I made some money and quickly withdrew it to pay off my borrowings. Pig Brother is so miserable 😭 Still owe over 80,000, and I also owe my brother 100,000.
All losses are from 805, the principal is gone, and I'm still in debt by 20.
I'm sharing this not for any particular reason, but I hope everyone can learn some lessons from my failures. When things are going well, be sure to cherish it.
Wealth is easy to acquire, but it's harder to hold onto it than to create it.
Good things take time, let's encourage each other.
BTC is consolidating at the 4-hour level, with a total volatility of 1.91% yesterday. The trading volume is actually quite decent; there shouldn't be any disagreement at this position. Clearly, large funds do not want the price to drop, and even if it does, they do not want it to drop quickly.
Looking at the risk-reward ratio, it is evident that the downward space is larger. Most in the market seem to be bearish and shorting.
It is impossible to predict the long and short positions; we can only observe as we go.
If it breaks through 68,000 and stabilizes, consider going long after a pullback. (The risk-reward ratio for going long is not high anymore; it is only suitable for short-term trades. Long-term entries are not advised for shorting.)
If it breaks below 66,500, look for opportunities to short.
In the 4-hour long-short game, whichever side wins, go with the trend. Focus on the risk-reward ratio, aim for small losses and large gains. Once the order is placed, it cannot be changed mid-way. Definitely do not hold onto losing positions; even seasoned traders have suffered from this multiple times, haha.