James Wynn looses $100m in high stakes trading

[DubemIfedigbo001]

source=Twitter

Just as the title says, crypto investor James Wynn has lost a whooping $100m in a high risk trading. He had the liberty to turn $4 million into $100 million only to see it get drained with the negative price correction experienced recently. I choose to call this greed, because going all in when you know you can loose these funds is serious lack of caution and can as well be described as greed. I'm sure he felt the impact of the loss, in his statement, he expressed no regret in his loss, but we know very well that there are lots of regrets in the "NO REGRET".

This is another day to remind us of the risks associated with trading and the dangers of going all in while trading. Trading should be approached with great caution and amounts we can afford to loose. A better option would be investing a large chunk of your discretionary income into bitcoin which is a store of value and store it in a non-custodial wallet and even if you would trade, it is better to be done with little amounts That would mean nothing to you if eventually you loose them.

What are your thoughts on this?

[Charles-Tim]

This is an example of a greedy trader. He has a huge amount of money. Why using a very high leverage to trade? I prefer traders that are patient, not use high leverage or not use leverage at all. Some traders even prefer to average than to use leverage.

What will be painful about it is if bitcoin later increase and get to all-time again and again.

[Callido]

Trading is risky.

Trading isn't based on skill alone.

Trading should be done with what can be afforded to lose.

Trading shouldn't be approached with greed.

Pick what you want to do with your Bitcoin but investing is the best.

[Africolo]

This is an example of a greedy trader. He has a huge amount of money. Why using a very high leverage to trade? I prefer traders that are patient, not use high leverage or not use leverage at all. Some traders even prefer to average than to use leverage.

What will be painful about it is if bitcoin later increase and get to all-time again and again.

James Wynn is a bitcoin bull that's effectively making good trades for himself, and he's having one of the very best moment over these years in trading but some ugly scenario came up against him. Liquidating a whole portfolio with over $100 million, how well has he gone this season. However it doesn't affect him because he's one of the prominent crypto bull and will always be present to trigger more trades.
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You called James Wynn losing such huge amount as greed? It can be lesser figures for him and a man of his caliber, he's expected to lead the very basic settings of his trade. He knows his left and right and will always come out flinging substituted patterns for his influence in the market.

[Charles-Tim]

You called James Wynn losing such huge amount as greed? It can be lesser figures for him and a man of his caliber, he's expected to lead the very basic settings of his trade. He knows his left and right and will always come out flinging substituted patterns for his influence in the market.

I refer to him as a greedy trader because someone that got liquidated early like this when bitcoin was still slightly above $105000 used a very high leverage.  The leverage used is not clear on the image that OP posted but I think it will be up to 20x.

[Mastercon]

He is an old trader. Like an old guy in pyjamas( black dude). With a billion in pocket, even i am comfortable gambling in a Sat evening sipping margharita.

[Sonia_123]

These are what people encounter in trading irrespective of who you are or how much you have, it think this will serve as a lesson to the traders in the house and people who are trying to go into trading, they can see for themselves how risky it is, if only they can learn their lesson, it is the greed in trading that makes them lose almost everything if not all.
No matter what James will still feel the loss of his money in trading .

[Asiska02]

The cycle of life is so very different. Using $4million to stake in trading is a very huge one for that person, that’s someone’s dream goal for money in the future. To just anyone, they may call it greed because even me will also see it in that perspective because he had already multiplied the initial capital into x25, which is a big win for any trader while trading. He may have his own target goal and may also be a principle trader that if the target is yet to be reached, they won’t close. This type of traders don’t even mind breaking even, they either go full TP or full SL.

One may think it is a rule that is guiding them and another one will think they’re just greedy, either ways are correct and if he can still be able to fund again to trade and not feel retarded about the first lose, while not also revenge trading, then such person is well to do and will recover easily from the loss by applying the best risk management techniques into there new trades.

[nelson4lov]

Imo, James Wynn is net-positive for crypto especially for the trading sector. 

Why?

Its simple, actually.

James recent trades shows the following:

• it's not a good idea to publicly post your entries/liquidation prices because when you do that, a group of traders can come together to collaborate in order to liquidate you.
• leverage trading is bad if done in an uncontrollably, reckless manner because James would've a lot smaller leverage with that size but chose not to do it.
• Anything is possible with trading

[DubemIfedigbo001]

Imo, James Wynn is net-positive for crypto especially for the trading sector. 

• it's not a good idea to publicly post your entries/liquidation prices because when you do that, a group of traders can come together to collaborate in order to liquidate you.
• leverage trading is bad if done in an uncontrollably, reckless manner because James would've a lot smaller leverage with that size but chose not to do it.
• Anything is possible with trading

I'm positive his liquidation was caused majorly by his adversaries. The whales can influence the market with their huge capitals and in their own selfish interest can join hands to liquidate an adversary.

He used lots of leverage with the intention of hitting it very big, but forgot the is no guarantee and he could lose everything which eventually played out.

This guy surely never rests even after a big loss, only hours after he lost the $100m in Bitcoin trades, he went long on PEPE meme coin with another $12 million and is already in about 10% profits currently

[Roseline492]

I wonder how ambitious someone would be to have trade $4 million into $100 million and loss all again, is there any word we can use for someone other than greed?, actually the $100 million was already impossible in my eyes for someone to generate it with $4 million and having the mind to use all the money again, it seems James Wynn is the only trader who has created this history this year because this is the first time we are hearing about traders with lost result if $100 million, well the thing be say if person get $2 billion for account and  the person come loss $100 million e no go too reason am, so actually that's what I think this case might be.

[IceLincoln]

This man is clearly a high risk high reward kind of man, he prioritises freedom and living life on his own terms.
A peek into his mindset you’ll see he’s not afraid to take big risks, he sees volatility as a beautiful aspect of the market and despite the turbulent weeks he’s had, his mind still remains strong this mindset has contributed greatly to his success.
It takes time and patience to hone your skills to reach such levels, it’s not something you can just imitate.

[Fiatless]

James Wynn would have been called a celebrated crypto trader if his plans had materialized. The higher the risk the greater your chances of making money in crypto trading. Many would have called him a good risk-taker if he hit his $100 million benchmark. I prefer to call him a risktaker instead of greedy because he could have also won.But I wouldn't take such risk in crypto trading altcoins. Altcoins market is too volatile that it can give someone a heart attack.
 
Hodlibg Bitcoin is a better investment.

[CryptopreneurBrainboss]

Just as the title says, crypto investor James Wynn has lost a whooping $100m in a high risk trading. He had the liberty to turn $4 million into $100 million only to see it get drained with the negative price correction experienced recently. I choose to call this greed, because going all in when you know you can loose these funds is serious lack of caution and can as well be described as greed. I'm sure he felt the impact of the loss, in his statement, he expressed no regret in his loss, but we know very well that there are lots of regrets in the "NO REGRET".

Why do you feel he is lying when he says he has no regret. You aren't in his shoes, you don't know how much he's worth that he won't be regretting because of the risk to profits ratios. I don't have his type of wealth but if I was risking turning $4 to $100 and I lost it I won't get mad. We don't have to belike him though as taking precaution while trading and having our stop loss in place would prevent us from having this type of bad luck. We talking about only his losses but what about the times he has been successful. When we see people talking risks like this, not all are doing it out of greed but to some, it's a strategy that they're using and although they lose most times, they also have lots of good outcomes. Don't replicate though, take risks based on your own financial capabilities.

[promise444c5]

I'm sure he felt the impact of the loss, in his statement, he expressed no regret in his loss, but we know very well that there are lots of regrets in the "NO REGRET".

Maybe... maybe not, we can't  really tell what's going on with him other than the picture showing he got liquidated..
What if he has other positions running in the background
Below he was even begging for it :


Could it be that was just a bait to click his other positions... and the market fell for it and I don't  think he will be that dumb to the extent of making it obvious by adding even more money  and watching his a** get liquidated.