A dramatic loss is occurring in ZEC. A trader had opened a long position worth 7 million dollars 9 days ago. However, the market went against him and the loss climbed to 4.4 million dollars. To avoid liquidation, the investor added another 1.5 million dollars to his position. Is it risk management or chasing losses? This massive position in ZEC is drawing attention in the crypto community.
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FloorPriceWatcher
· 5h ago
This guy is really ruthless, losing 4.4 million but still daring to increase the position; this is not Risk Management, it's gambling with his life.
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LeekCutter
· 5h ago
Oh, this is the legendary "buy more as it falls" huh, really painful.
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Losing 7 million down to 4.4 million and still wanting to increase the position, this guy is really brave.
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I just want to ask, can 1.5 million save 7 million? This math problem is a bit difficult.
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A typical case of chasing losses, it makes my heart ache.
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The market for ZEC is indeed fierce, let's observe a moment of silence for this gentleman.
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Why would you want to add to the position? Isn't this gambling?
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This is called "stubbornly holding on", I don't need to say the ending, right?
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StrawberryIce
· 5h ago
This is the true gambler's mentality, the more you lose, the more you increase the position, this logic... haha
A dramatic loss is occurring in ZEC. A trader had opened a long position worth 7 million dollars 9 days ago. However, the market went against him and the loss climbed to 4.4 million dollars. To avoid liquidation, the investor added another 1.5 million dollars to his position. Is it risk management or chasing losses? This massive position in ZEC is drawing attention in the crypto community.