My $1,100,000 $ETH position GOT REKT!! 💥 💥 LOST $278k USD within a day… ($290k -> $12k) 【img2 & img1】 A bit exaggerated, but is a fact. Every penny that you didn’t took profit that you originally could, is still a loss to a trader. In terms of, time & opportunity cost. My algo shorted $BTC & $ETH since $103,000 & $4,020. But why I didn’t follow? Why you start a trade execution, is how you should end your trade as well. From the beginning, my assumption & “why” of doing this $ETH trade, I’m actually betting on $ETH beta will outperform $BTC eventually. My target price of $ETH is easily $6,000-$8,000. So this is my “potential profit margin” of trades, From here, every risk is calculated and making sense. And every profiting position that go in favour above > 8-15% , (depends on assets’ volatility ) I will cash out all my serving margin, and let the position liquidation price be my breakeven price. So anyhow I will lose nothing, but holding a 50% chance of 50-200x ticket. After liquidation, I’m using my minor profit from last trade $20k and LONG at a 15x ($300k contract value). 【Img 3】 And now my bet is positively serving. I will add my position heavily without mercy whenever retails long position got REKTed. Just like the previous day, That’s why I say is time to buy the dip. Cuz even my well managed liquidation space still got tackled down. Whale really sucking in sell side liquidity hard. So LONG !!! Final position size targeting > $5mil USD (4 folds) Profit target $2mil