A trader known online as an “insider” recently closed a large BTC long position at a loss, despite a strong prior track record.
What stood out to me isn’t the size of the trade, but the reminder that even traders who believe they have an edge can still be wrong.
Crypto markets don’t really care about reputation, narratives, or perceived insider knowledge.
Risk management seems to matter more than confidence or timing.
Curious how others here think about this:
Is this just leverage risk playing out, or a lesson about relying too much on narratives?
Even experienced traders can get caught on the wrong side of the market
byu/Mission-Stomach-3751 inCryptoMarkets
Posted by Mission-Stomach-3751
2 Comments
It’s just a random trader, regardless of their size.
i mean, it’s basically gambling. unless you’re running algorithms, there are no edges from just using your mind, or being an insider