One whale's trading moves could be called a textbook rollercoaster ride.
He held his long ETH position for nearly four days and finally closed it 17 hours ago—making a profit of $1.285 million. Sounds pretty good, right? But you should know, at its peak, this position had an unrealized profit of $5.3 million! That’s a drawdown of over $4 million—just thinking about it hurts.
But it gets even crazier. Shortly after locking in his profits, he couldn’t resist when he saw the price drop, so he opened two more long positions trying to catch the bottom. The result? Both trades went against him and he lost almost $230,000.
Final tally: after three rounds of $ETH long trades, he ended up netting $1.055 million. From dreaming of $5.3 million to walking away with just over a million—you have to admire that mental resilience.
That said, another trader with a similar style performed a bit better—at least he didn’t give back all his unrealized profits 😂
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PumpAnalyst
· 14h ago
This is a typical case of greed—turning over 5 million in unrealized gains into just 1 million. I feel the pain for him.
Bottom-fishing is the easiest way to get rekt; two tuition fees of 230,000 each are actually cheap.
But risk control is key. Seeing that he can still walk away alive puts him ahead of many others.
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SillyWhale
· 12-06 10:09
Turning a floating profit of 5.3 million into 1.05 million is really something else. That kind of luck is unbelievable—I need to learn from it.
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MEVHunterX
· 12-06 09:59
A floating profit of 5.3 million ended up with only 1.05 million left—this is the price of greed.
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RetailTherapist
· 12-06 09:53
This is the price of greed—5.3 million dreams shattered into 1.05 million tears.
Unrealized gains are just paper wealth; itchy hands trying to buy the dip is a huge taboo.
The real winners are those who quit while they're ahead, not people like us who keep grinding back and forth.
This guy's mindset is truly steady. If it were me, I'd have lost it by now.
Every time I read stories like this, I think of my own dark history—who hasn't been through this?
Flattening your position and then going back in? That's the devil whispering to you.
1.05 million is already great, but still wanting 5.3 million—that's human nature.
Itchy hands ruin everything, I'm not lying.
Next time you see your gains double, you should cash out—greed kills.
This trade went from heaven back to earth... honestly, still pretty steady.
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GamefiEscapeArtist
· 12-06 09:46
5.3 million shattered into 1.05 million, this mentality is truly something else... Tried to buy the dip twice and still lost money, itchy hands really are a common problem for traders.
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BlockchainTherapist
· 12-06 09:46
From 5.3 million down to 1.05 million, I really can't learn to have that kind of mentality.
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Itchy hands are truly an occupational hazard for traders. After such a big pullback in unrealized gains, still daring to re-enter the market.
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Why do some people end up losing money after making profits? Greed is really deadly.
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Netting a million sounds great, but the feeling of a 4 million pullback is probably enough to make someone go bald.
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Losing 230,000 in a row and still not cutting losses, continuing to buy the dip—my heart can't handle that.
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If this guy could just curb his greed, that 5.3 million dream might have actually come true.
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MemeEchoer
· 12-06 09:45
This is the price of greed—going from 5.3 million to 1.05 million, my mentality completely destroyed me.
One whale's trading moves could be called a textbook rollercoaster ride.
He held his long ETH position for nearly four days and finally closed it 17 hours ago—making a profit of $1.285 million. Sounds pretty good, right? But you should know, at its peak, this position had an unrealized profit of $5.3 million! That’s a drawdown of over $4 million—just thinking about it hurts.
But it gets even crazier. Shortly after locking in his profits, he couldn’t resist when he saw the price drop, so he opened two more long positions trying to catch the bottom. The result? Both trades went against him and he lost almost $230,000.
Final tally: after three rounds of $ETH long trades, he ended up netting $1.055 million. From dreaming of $5.3 million to walking away with just over a million—you have to admire that mental resilience.
That said, another trader with a similar style performed a bit better—at least he didn’t give back all his unrealized profits 😂