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From hot streak, to giving it all back in one trade ๐ถ. This oneโs justโฆ cruel timing. Trader 0x7f5f had it dialed in -- three oil longs in a row, stacking up about $2.67M. That kind of streak builds confidenceโฆ maybe even a bit too much. So 9 hours ago, they go again. Big size. around 213K contracts on crude i.e. $CL , around $20M exposure. And then....yupโฆ the headline hits.
The USโIran ceasefire drops, and #oil just falls off a cliff. Not a normal move either...prices dropped roughly 14โ15% in a single day, one of the sharpest declines in decades . And just like thatโฆ That entire $2.67M profit... Gone. Now sitting at -$3.62M.
Here is the address ๐
0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e
WE THINK: Sometimes itโs not the losing trades that hurt the mostโฆitโs the one that takes back everything you already earned.