I saw a post where a top trader—an A10 big shot—said that from Sept 23 until today, he has lost back 40 million.
I stared at that number for ten seconds. What does 40 million mean to us? It’s a house you can’t even imagine in your lifetime, but for him it’s just leverage doing a little shudder.
The post was paired with a $UNI chart. I guess that part of his position doesn’t feel great either—over seven days it dropped nearly ten percentage points, hovering around nine dollars. Trading volume is also down by half—basically stagnant water where nobody’s taking bids and nobody dares to sell it hard down.
Don’t envy people like that, and you don’t need to feel sorry for them. A leveraged game is always big ups and big downs. If you gamble, you live with the losses.
But when I saw someone in the comments asking, “How does a big shot copy it?” I really wanted to wake him up. A position that moves 1% could be your entire month’s salary. In this kind of game—look, tap like and swipe away. Don’t get yourself involved.
$UNI
I stared at that number for ten seconds. What does 40 million mean to us? It’s a house you can’t even imagine in your lifetime, but for him it’s just leverage doing a little shudder.
The post was paired with a $UNI chart. I guess that part of his position doesn’t feel great either—over seven days it dropped nearly ten percentage points, hovering around nine dollars. Trading volume is also down by half—basically stagnant water where nobody’s taking bids and nobody dares to sell it hard down.
Don’t envy people like that, and you don’t need to feel sorry for them. A leveraged game is always big ups and big downs. If you gamble, you live with the losses.
But when I saw someone in the comments asking, “How does a big shot copy it?” I really wanted to wake him up. A position that moves 1% could be your entire month’s salary. In this kind of game—look, tap like and swipe away. Don’t get yourself involved.
$UNI
