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This trader initially turned 100k to 9 Million over 6 months. Now he longed the top and shorted the bottom yesterday and is back to 2.3M. The market giveth and it taketh

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by COINS NEWS 301 Views

This trader initially turned 100k to 9 Million over 6 months. Now he longed the top and shorted the bottom yesterday and is back to 2.3M. The market giveth and it taketh

I've been following this trader for quite some time.
With awe I must say.

He or she was extremely risk averse, they kept their positions small and low leverage. From 98k -> 120k -> 150k -> 9 Million in small steps, small sizes, proportional to their accounts.

Then they lost a bit and went higher leverage, full account balance.

Currently they are 40x 400 BTC Short, -1.5 Million with Liquidation at 74k.
The initial positin they opened was 700+ BTC Short, but they're starting to close at a loss now to keep liquidation away.

It's pretty crazy, I hope they walk away or make it out. More walk away because I want Bitcoin to pump to the moon obviously :-)

submitted by /u/obolli
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