The man failed to speculate in the stock market. He shorted Bitcoin futures for a profit of tens of millions, but his position was blown out due to sudden rise

There is nothing strange in the world. Wu, a man from Hunan, failed to speculate in the stock market. He gambled desperately to break the bank. Ten times of leverage shorting Bitcoin contract futures once earned tens of millions, but eventually his position was blown out because of the sudden and continuous rise of Bitcoin.

Wu is a senior engineer of XX Group. He has saved a lot of spare money over the years, so he has the idea of investing in the capital market. In recent years, Wu Gaogong has stepped on the thunder twice in stock speculation, one defeat to Yu Diamond and two defeats to Kang Dexin. There are many scars. The principal has been cut back and then cut back, and the discussion of shares has turned pale.

In order to break even, Wu Gaogong, who lost his fortune, put all his eggs in one basket and learned to speculate in futures with a big V on the Internet. The futures market is two-way trading and can make money both up and down. At the beginning, Wu Gaogong always tried to be long or short in small positions. Gradually, he began to find a feeling in the futures market. Because he made correct judgments many times, Wu Gaogong was successful in the futures market, Soon, the account capital doubled smoothly.

Last year, Wu Gaogong focused on shorting the bitcoin contract futures. In the downward trend of bitcoin, greedy Wu Gaogong used 10 times of leverage to short the bitcoin contract futures and bought more and more. Since the bitcoin was always in the downward channel at that time, the floating profit of Wu Gaogong's account at the peak reached more than 10 million yuan.

In February of this year, the price of Bitcoin began to rebound at the bottom. Wu Gaogong, who had become popular in the futures market, slowly ignored the risks and firmly believed that any rebound in the downward trend was doomed to be a flash in the pan. Soon, the price of Bitcoin continued to rise, and the huge profits of Wu Gaogong's account instantly disappeared. He was unwilling to fail and borrowed money to add margin to continue to die. On February 28, Bitcoin soared like a runaway wild horse, and the short side was directly blown up. Since he could not continue to add margin, Wu Gaogong's account was thus blown out.