【Crypto World】A swing trader started accumulating WETH at the end of November 2024, taking nearly two months to buy a total of 9,043 units at an average cost of $3,085 each. By mid-January, this investment had a paper profit of up to $2.87 million, almost becoming a perfect trading case. But at a critical moment, there was no take profit.
Instead, 12 hours ago, during a decline, the trader hurriedly exited the position, selling only 3,000 WETH, resulting in a realized profit of just $30,000. The remaining 4,089.83 ETH is still held, with a current loss of about $472,000.
From a paper gain of $2.87 million to a real loss of $470,000, this operation is quite ironic—many investors tend to panic at high levels and sell prematurely when they should be holding. The trader’s experience might offer some insights to friends pursuing swing gains.
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tx_or_didn't_happen
· 7h ago
2.87 million to -470,000, how intense must this rollercoaster of mentality be... At critical moments, greed still takes over.
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TokenDustCollector
· 7h ago
2.87 million to -470,000... This is what you call turning a good hand into a dog, truly incredible.
WETH holders' textbook mistake: 2.87 million in unrealized gains ultimately turn into 470,000 in unrealized losses
【Crypto World】A swing trader started accumulating WETH at the end of November 2024, taking nearly two months to buy a total of 9,043 units at an average cost of $3,085 each. By mid-January, this investment had a paper profit of up to $2.87 million, almost becoming a perfect trading case. But at a critical moment, there was no take profit.
Instead, 12 hours ago, during a decline, the trader hurriedly exited the position, selling only 3,000 WETH, resulting in a realized profit of just $30,000. The remaining 4,089.83 ETH is still held, with a current loss of about $472,000.
From a paper gain of $2.87 million to a real loss of $470,000, this operation is quite ironic—many investors tend to panic at high levels and sell prematurely when they should be holding. The trader’s experience might offer some insights to friends pursuing swing gains.