Andrew Tate incurs a loss of $67.5K on WLFI, subsequently re-enters with a new long position.
In the world of financial trading, Andrew Tate's name has been making waves recently. With a win rate of 67%, Tate has managed to secure two profitable trades out of three open positions.
The success of Tate's trades has significantly boosted his perpetual equity account value, which currently stands at $141,664.09. This impressive figure represents a 26.11% return on equity, a testament to Tate's shrewd trading decisions.
A closer look at Tate's portfolio reveals that his long exposure forms a substantial 83.62% of his holdings. This long exposure, valued at approximately $234,510.18 (total position value minus the short exposure), has been a major contributor to his profits.
On the other hand, the short exposure accounts for 16.38% or $46,170 of the account. This short position, while not as significant as the long exposure, still plays a role in balancing Tate's portfolio.
Interestingly, Tate's trading strategy has resulted in a high margin usage of 76.29% in his account. This means that a large portion of his account's value is tied up in margin, a common practice in leveraged trading.
However, this high margin usage was recently tested when two of Tate's WLFI positions were liquidated by the decentralized exchange Hyperliquid. These liquidations, which resulted in losses totaling approximately $67,600, underscore the risks inherent in leveraged trading. But Tate responded swiftly, immediately reopening a new long position on WLFI.
It's worth noting that these liquidations have not deterred Tate, as his unrealized profits across the account still total $28,212.84. This figure represents the potential profits that Tate could realise if he were to close his positions at their current values.
Lastly, Tate's account currently has a withdrawable margin of $33,591.60, a significant amount that reflects his account's overall health and his ability to withdraw funds if needed. Additionally, the funding costs for his position stand at -$177.96, indicating that he is currently receiving funding from the exchange.
In conclusion, Andrew Tate's trading performance has been impressive, with a win rate of 67% and a return on equity of 26.11%. However, his recent liquidations serve as a reminder of the risks involved in leveraged trading. Despite this, Tate remains undeterred, continuing to trade and build on his success.
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