As for Maggie, because of his mindless long position rolling strategy, whenever $ETH experiences a pullback of more than 3%, you'll see his long positions being liquidated and resulting in losses 😂. Today was no exception; his ETH long positions were liquidated yet again during the overnight drop.
In fact, his mindless long position rolling strategy means that unless the market keeps rising, he will only lose money:
◎ Deposit money to open a long position → ETH rises → Roll over profits → ETH slightly pulls back → Loss;
◎ Deposit money to open a long position → ETH falls → Loss.
Because of his mindless long positions, he has lost $20.62 million of his principal since the big drop on October 11th.
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