š° This time, āsmart moneyā took a serious hitāand gave back far more than a little profit.
According to tracking data, the Binance Futures account āSingle Wifeā went long on LOBSTER and was sitting on unrealized gains, but ultimately closed the position at a loss of $907,000, wiping out all its earlier profits.
š„ At one point, the account held 18.29 million LOBSTER, worth around $5.75 million at its peak, and held the position for almost a month. Surprisingly, the moment the books looked best didnāt turn out to be the final result.
On September 21, LOBSTER briefly surged to $0.3143 before steadily falling back. The account finally closed its position on October 2 at an average price of $0.09374. Honestly, the swing from $2.19 million in unrealized gains to a final loss of $907,000 must have been nerve-racking.
š” The most painful part isnāt that it failed to make a profitāitās that it had already made one, but didnāt manage to take it home. In futures trading, unrealized gains are just numbers on a screen. If you donāt manage your position and take-profit levels well, profits can turn back into losses.
š¤ If it were you, with $2.19 million in unrealized gains, would you take some profit off the table or hold on until the end?
Original link: https://x.com/ai_9684xtpa/status/2108756544510976109
#LOBSTER #åøå®åēŗ¦ #é¾äøę°ę® #CryptoMarket
According to tracking data, the Binance Futures account āSingle Wifeā went long on LOBSTER and was sitting on unrealized gains, but ultimately closed the position at a loss of $907,000, wiping out all its earlier profits.
š„ At one point, the account held 18.29 million LOBSTER, worth around $5.75 million at its peak, and held the position for almost a month. Surprisingly, the moment the books looked best didnāt turn out to be the final result.
On September 21, LOBSTER briefly surged to $0.3143 before steadily falling back. The account finally closed its position on October 2 at an average price of $0.09374. Honestly, the swing from $2.19 million in unrealized gains to a final loss of $907,000 must have been nerve-racking.
š” The most painful part isnāt that it failed to make a profitāitās that it had already made one, but didnāt manage to take it home. In futures trading, unrealized gains are just numbers on a screen. If you donāt manage your position and take-profit levels well, profits can turn back into losses.
š¤ If it were you, with $2.19 million in unrealized gains, would you take some profit off the table or hold on until the end?
Original link: https://x.com/ai_9684xtpa/status/2108756544510976109
#LOBSTER #åøå®åēŗ¦ #é¾äøę°ę® #CryptoMarket