单押万倍王
High-Frequency Trader
1.1 Years
7 Following
18 Followers
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Recently popular trader James publicly discloses his on-chain positions, opening a long position of 1.2 billion contracts, cutting losses in a downtrend, and then opening a short position of 1.1 billion. Let me share my views: he is being shaped into a legendary story of a young man from a small town in England making a comeback, achieving class crossover with small capital and high returns. Similar stories are common in the crypto space, but in my opinion, it’s just the wealth creation myth of institutions, completely fake. Recently, with a few positions, he had a profit of 90 million but didn’t take profits, and watched it drop to 10 million before cutting losses. There were opportunities to escape throughout the day; it wasn’t a flash crash but a slow adjustment, with partial profit-taking—common sense that any trader would understand. Furthermore, opening a short position at a stagnant price point, where the liquidation price is only 3 points above the market price, with such volatility in the crypto space, it's only a matter of a minute. It’s inevitable that someone is backing him, using high leverage and high odds to attract attention, sensationalizing to draw traffic. The myth of getting rich overnight in the crypto world is just a few stories; being honest in trading, stability in a market where 90% lose and 10% break even is the real currency. No need to say more, let’s encourage each other.
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A group of people on Douyin creates a rhythm, tricking newcomers into getting involved. Let's expose how those orders with hundreds or thousands of times profit are made. In simple terms, it's about opening both long and short positions at the same price with equal amounts. Regardless of whether the market goes up or down, you only pay a transaction fee, and in the end, they deceive with orders worth thousands of points. In this market, nine lose, one breaks even, and one makes a profit. Retail investors are the harvesters; it's unlikely to learn without paying tuition by making mistakes.
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