1/ Sharing a smart trader on #GMX.
He went long on $BTC in the past month and made ~$522K.
Moreover, he didn't lose any money even in the down market.
How did he do it?👇
He went long on $BTC in the past month and made ~$522K.
Moreover, he didn't lose any money even in the down market.
How did he do it?👇
2/ The smart trader opened long positions in $BTC and $WBTC on April 23 and then closed the long position on April 28, which made him ~13 $BTC ($435K).
3/ Then the smart trader opened a long position in $BTC again on May 5 and closed on May 6, which made him ~0.77 $BTC ($25K).
4/ From May 11 to 12, the price of $BTC dropped by ~6%, and this smart trader's long position remained profitable because he placed limit orders.
He went long on $BTC after the price plummeted, and then set the closing price to make a profit, earning ~2.26 $BTC ($62K) in total.
He went long on $BTC after the price plummeted, and then set the closing price to make a profit, earning ~2.26 $BTC ($62K) in total.
5/ On May 16, this trader opened three long positions in $BTC.
As the $BTC price dropped, he increased his long positions.
And his current unrealized P&L is -$216K.
As the $BTC price dropped, he increased his long positions.
And his current unrealized P&L is -$216K.
6/ Address: debank.com/profile/0xfd93…
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