Seven liquidations, two days, Huang Licheng.



Then he opened a long position of over 25 times with 400 ETH.

Liquidation price at $1,834.01.

Translation: I lost 7 times, but on the 8th, I want to win back.

This is a textbook example of a gambler's mentality.

400 ETH, $744k.00. 25x leverage.

If he wins, and ETH rises 1%, he makes $186k.

If he loses, ETH drops to $1,834.01, and he loses another $744k.

What did the 7 liquidations teach him?

Nothing at all.

Because if he had learned, he wouldn't open a 25x leverage after 7 liquidations.

Even more ironic is the timing.

ETH might now be oscillating between $1,900 and $2,000.

The liquidation price at $1,834.01 means he only left himself less than 10% buffer.

10% for cryptocurrencies is just a day's move.

What is Teacher Maji teaching us?

Never underestimate the cost of "not giving up."

7 liquidations, each time saying "I'll try again."

The 8th time, another $744k.

If this one blows again, will he open a 9th?

The answer is written in his history. #分享美股交易赢英伟达股票 $MRVL
ETH-4.88%
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