It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $1 Million on $BTC future just in a week
This was supposed to be $100 million. He managed to turn $4 million into the $100 million and lost it all in that trading activity
The dude is in net profit from trading, he only used a much higher leverage on that trade and somewhat got liquidated.
Adding to this, he's gone long on PEPE with $12 million only hours after loosing the said $100 million
People do only focus out on loses and thats not shocking news and with these lets say billionaires or millionaires wont be that having that new situation or condition that being liquidated. They've been getting used to with these kind of scenarios. It is just that they are getting that much attention just because of the amount which is involved with these positions with high leverage. People are way that too sensitive when it comes into this aspect but actually they are that getting used to it.
Basing up into the screenshot then if he had say up those things then its just that that showing about the ego and trying to show off that its just that a small money but majority of us do knows that he's been trading off with his profits that he had made out earlier. The fact that we dont even know his actual networth or money that he had on other wallets on which we cant be able to conclude that he's broke or doesnt have money anymore.
In speaking about revenge trading then its not new anymore on which whether you are a whale or a shrimp trader then there's no exemption into this on which we are all that emotional beings. There's that moment or time that you cant be able to control your emotions no matter what on which it will be causing up that kind of actions on which it could be that ending up on having that kind of financial affect considering on the amount that being involved. Once you do become that impulsive then its up to you whether you would be that tolerating out such emotion or you would be trying out to suppress it out and staying up cool and be able to assess up the situation. For those who do have better experience and having that good control into their emotions are the ones who do usually be able to stop out such impulsiveness but since we are just that humans then it will be just that so normal on this case.