CandleFocus Trader Who Opened a $60 Million Long Position in This Altcoin Lost Big: Talks About His Mistakes
2024-12-24
Author: Content Editor
Prominent trader Eugene Ng Ah Sio shared a trading summary revealing a $6.2 million loss on a $60 million long position in Solana (SOL). He made a profit from Bitcoin's rise and shifted gains into Solana, but made mistakes by not cutting losses and increasing his position in a declining market. Eugene closed 70% of his position at $193, losing $6.2 million. He cited errors and a "sunk cost mentality" as contributing factors to the loss. This is not investment advice.
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