Why would he bet all the money on PEPE with a long 3x if he intends to turn $1M into $2M? It's so crazy that you can't imagine losing it just like that especially since he started in 2017.
This is what I don't like about futures trading I know if the person puts a stop-lose then it won't lose all but if you ignore it the loss will be faster, more trading on spot you won't lose more but for memes we consider it still the same high risk.
Could it be said that he is so greedy? Or did he just forget to put a stop-lose?
Most likely this person or trader isn't not experienced enough, because PEPE coin has been hyped by many people in crypt currency world and it became popular for a short time but look at its price now, and that is the wrong move that person does, risking too much money in future trade, thinking that he could doubled or earn a lot from a single trade which is looks like he didn't think it throughly and must be pressured to trade futures in order to not miss the opportunity but in reality that is the trap mindset of a trader, 2 things that person does, is he used futures and increasing the leverage which is a very big mistake if you are not experienced enough then stay away from futures because it can eat you whole if you make the wrong decision in that trade, imagine the regret and stress that persin is going through now, I don't want that feeling.