Yesterday I was following this person when it was at 6.5, still had the order and a loss of 200k, but how come I see this order cut at 4.38 like that.
Nunsnow513
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$COAI lately, everyone is buzzing about the story of the thosanfunding account shorting the coin 1 line COAI, which led to losses of hundreds of thousands of dollars. On 10/6, as usual, from the initial plan to trade and make money from funding, I opened a short position not knowing that the market would spike, so within 1 hour it increased 5x 6x before I could react. Also, thinking that I was strong, I thought at most it would drop a few tens of %, only to bitterly cut losses for the first time, losing 200k dollars (see the picture where you see cutting losses when the price rose from 0.42 to 1.35). Regretting the money and feeling frustrated, perhaps he immediately added more capital, eager to win without waiting for signs of a drop, jumped onto the Long ship when the price increased to 1.49, which was less than 10 minutes after cutting losses the first time. Who would have thought that ship in 4 days would drain all his energy, spirit, and finances. He couldn't eat well or sleep peacefully when each time looking at the chart, that coin 1 line kept climbing the stairs from 1.5 to 3 and then dropped to 1.7. He had a bit of hope it would return to the ground, but unexpectedly, it shot up to 6.8 dollars and he couldn’t take it anymore, had to jump ship and lost another 200 thousand dollars at 10 PM last night 10/10. In total, over 4 days with 2 short positions, he lost 400 thousand, equivalent to 10 billion VND. Fortunately, he closed the loss position; otherwise, by 4 AM this morning, when the whole market crashed, that coin 1 line would disregard and shoot up to 11.5 dollars. If he had held the position, he might have lost everything. This ripto market is tough for longs and shorts alike. You can win or lose 100 small trades in a row, but like this morning, just one trade could turn everything upside down, either losing everything or winning big when altcoins drop by 10, 20, even 50 in a single 15-minute candle, typically like Kava from 0.25$ dropping down to 0.005$. Anyone curious about FiU should consider carefully.
{future}(COAIUSDT)
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