Lost $4.56 million, yet he opened another $23 million short—seriously stubborn
I’ve seen people stop losses after losing money, and I’ve seen people play dead after losing money. But have you ever seen someone lose $4.56 million and still keep opening large positions? There’s a guy who did exactly that—he went straight in with a short position on 300 BTC. The notional value is about $23 million.
This isn’t a novel—it’s a real thing that just happened. This trader had been continuously losing before, for a total loss of $4.56 million. Instead of calling it quits, he not only didn’t stop, he increased his position and kept shorting. People might call it “steadfast belief,” but the more honest term is being so stubborn it makes you question life.
The market responded very directly. Bitcoin kept surging up to 80,000. His short position was increasingly underwater, but he refused to admit defeat. To outsiders, it looks like a joke. To him, it might be a totally different script: “What if the big coin turns around? What if there’s a collapse?” As long as he places the right bet once, everything he lost before will come back. Doesn’t that sound strangely familiar?
But the reality is that going against the trend and adding to the position is the fastest way to go bankrupt—no exception. You never know when the market will turn against you, nor how long it will keep turning against you. In a leveraged market, living longer matters ten thousand times more than making quick money. One liquidation can wipe out what was won in ninety-nine prior victories. And the heavier the position, the worse your mindset becomes—and the worse your mindset gets, the more likely you are to make reckless moves. That vicious cycle is how it starts.
My view: the essence of trading is risk management, not predicting a contest. How much you earn is given by the market; how much you lose is decided by yourself. Don’t treat this brother’s story as a joke—treat it like a mirror. The way you get emotional might look exactly like his. Stop-loss isn’t admitting defeat—it’s giving yourself a lifeline. As long as the green hills are still there, you’ll have a chance to make a comeback.
Don’t rush to laugh yet—think about it: have you ever done something similar? What does the most stubborn trader you’ve seen look like? Let’s chat in the comments.
Click the avatar to watch the livestream.
Every day I’ll help you follow contract-market hot topics. Not just to see what happened in the news—but to understand the logic and opportunities behind it 👉🦖
#合约 #BTC
I’ve seen people stop losses after losing money, and I’ve seen people play dead after losing money. But have you ever seen someone lose $4.56 million and still keep opening large positions? There’s a guy who did exactly that—he went straight in with a short position on 300 BTC. The notional value is about $23 million.
This isn’t a novel—it’s a real thing that just happened. This trader had been continuously losing before, for a total loss of $4.56 million. Instead of calling it quits, he not only didn’t stop, he increased his position and kept shorting. People might call it “steadfast belief,” but the more honest term is being so stubborn it makes you question life.
The market responded very directly. Bitcoin kept surging up to 80,000. His short position was increasingly underwater, but he refused to admit defeat. To outsiders, it looks like a joke. To him, it might be a totally different script: “What if the big coin turns around? What if there’s a collapse?” As long as he places the right bet once, everything he lost before will come back. Doesn’t that sound strangely familiar?
But the reality is that going against the trend and adding to the position is the fastest way to go bankrupt—no exception. You never know when the market will turn against you, nor how long it will keep turning against you. In a leveraged market, living longer matters ten thousand times more than making quick money. One liquidation can wipe out what was won in ninety-nine prior victories. And the heavier the position, the worse your mindset becomes—and the worse your mindset gets, the more likely you are to make reckless moves. That vicious cycle is how it starts.
My view: the essence of trading is risk management, not predicting a contest. How much you earn is given by the market; how much you lose is decided by yourself. Don’t treat this brother’s story as a joke—treat it like a mirror. The way you get emotional might look exactly like his. Stop-loss isn’t admitting defeat—it’s giving yourself a lifeline. As long as the green hills are still there, you’ll have a chance to make a comeback.
Don’t rush to laugh yet—think about it: have you ever done something similar? What does the most stubborn trader you’ve seen look like? Let’s chat in the comments.
Click the avatar to watch the livestream.
Every day I’ll help you follow contract-market hot topics. Not just to see what happened in the news—but to understand the logic and opportunities behind it 👉🦖
#合约 #BTC
