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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