A wallet has been having a rough time recently, taking a hit from some swing trading😅



On January 14-15, 2899 ETH were withdrawn at an average price of $3325.38, and all of them were deposited into a major exchange the day before yesterday, followed by a withdrawal of 8 million USDT. Based on the deposit price, this operation has already resulted in a loss of $371,000, indicating a stop-loss process was likely executed.

Looking back at the trading performance over the past month: out of four swing trades, two were wins and two were losses, with an overall profit of $503,000. However, the large ETH transfer and USDT withdrawal this time were indeed a bit awkward; it seems even experienced traders find it difficult to completely avoid market volatility and sell-offs. In this industry, there are no eternally smart people—only participants who keep trying and learning.
ETH-3.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
MelonFieldvip
· 8h ago
$370,000 profit in one trade, this is the daily routine of a swing trader --- Still couldn't escape the dump, indicating the market is really fierce --- Made over 500,000 but was broken by this single trade, a bit frustrating --- Playing swings like this, winning two, losing two, it's all about probability --- Probably regretted depositing into the exchange at that moment haha --- Good stop-loss awareness, but the cost is a bit painful --- Withdrew 8 million USDT, this is really being timid --- Even veterans have to pay tuition; no one can avoid it perfectly --- Looks like I made a profit, but it's really just practicing, the market is the true mentor --- This move gives me a déjà vu feeling of "I was wrong" --- $370,000 tuition, was it worth it for this wave
View OriginalReply0
AirDropMissedvip
· 8h ago
A loss of 370,000 dollars? Even traders who make 500,000 a month have their bad days.
View OriginalReply0
OnChainArchaeologistvip
· 8h ago
370,000 dollars lost in one shot, this is the true face of swing trading. To put it simply, it's still greed. If you can make over 500,000, you should be content.
View OriginalReply0
zkNoobvip
· 8h ago
$370,000 loss in one shot, I really missed this wave --- Making over 500,000 still can't compare to a big retracement, it seems I chose the wrong holding period --- Being able to cut losses is good, how many people are still stubbornly holding on --- Two wins and two losses, honestly, this win rate in the crypto circle is acceptable, but this time it hurt a bit --- That's why I never go all-in; splitting positions is the way to go --- The biggest risk in swing trading is getting stuck at a high level, and this guy clearly didn't escape this ordeal --- Earning 500,000 and then losing it all at the first instability shows that the market can still teach lessons
View OriginalReply0
ChainProspectorvip
· 8h ago
Oh no, this wave was so exciting, 370,000 just disappeared like that. Sigh, I made over 500,000 but was wiped out by this counterattack, so heartbreaking. Swing trading is really a double-edged sword; it looks easy but tests your mental strength too much. What can I say, cutting losses in time is also a form of profit, better than being deeply trapped. I heard that stopping loss is the hardest because there’s often a rebound afterward; how strong must your mindset be? Getting 500,000 in hand is the real win, the rest can be considered as tuition fees.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)