WIF Liquidated Short: $202K Loss at $2.317
The market delivered a brutal blow as the short position on $WIF was liquidated for a massive $202K loss. The plan seemed solid, but the market had other ideas.
Entry Point: $2.00
The short was opened at $2.00, with expectations of a downward move based on recent trends and market sentiment.
Target: $1.80
The target was set at $1.80, anticipating further declines in the $WIF price. But the market took an unexpected turn, catching the short position off guard.
Stop Loss: $2.317
At $2.317, the stop loss was triggered, closing the position at a loss of $202K. A harsh reminder of how quickly the market can flip and wipe out positions.
The $WIF trade serves as a warning: in the fast-paced world of trading, always respect your risk management strategies and stay prepared for sudden moves.
