Here’s a short story of how persistent speculators lose money in the current market.
Korean streamer SATTO opened a short position on BTC during a live stream at a price of $28,000 for a total of $2 million. With liquidation at $29,000. Consequently, after liquidation, another deposit was made and another short position was opened for $100,000, also on BTC at a price of $29,839, and the streamer received liquidation again.
- What can be said here is that this kind of trading is not trading, but playing the lottery. Lessons to be learned: the importance of stops, and it’s not worth entering a coin multiple times after being kicked out of a position.
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