Oh my goodness! Replenishing your position until your principal is wiped out and still losing 88%? This brother bayuebnb kept going all-in to add to his long position, but the market suddenly plunged in a waterfall decline, bringing his return rate to -188%, completely losing so much that he started doubting life!
His long position lost $101,173. At the exchange rate at the time, this was nearly 730,000 RMB lost! This money could have bought a mid-to-high-end family SUV (like a Toyota Highlander), or a down payment on a small apartment in a second-tier city. Instead, it was all lost in this counter-trend averaging down. No wonder he broke down and asked, "Is there still hope?" This move just knocked him out!
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Oh my goodness! Replenishing your position until your principal is wiped out and still losing 88%? This brother bayuebnb kept going all-in to add to his long position, but the market suddenly plunged in a waterfall decline, bringing his return rate to -188%, completely losing so much that he started doubting life!
His long position lost $101,173. At the exchange rate at the time, this was nearly 730,000 RMB lost! This money could have bought a mid-to-high-end family SUV (like a Toyota Highlander), or a down payment on a small apartment in a second-tier city. Instead, it was all lost in this counter-trend averaging down. No wonder he broke down and asked, "Is there still hope?" This move just knocked him out!