James Wynn's experiences: wins and losses in leveraged trading

I think this will be super helpful for all the newbies hanging out in this trading chat. We all know James Wynn and his stance on leverage trading being risky. Trading really requires patience, not just cranking up the leverage. Is anyone actually making profits using high leverage? C'mon, that can't be true.

Of course trading is about patient and consistencies, there are people who uses highly leverage and still lose them without making profits while there are people who using lower or smaller leverage and still end up making profits from trading, of course the higher your leverage the also volatility is as well, so to control the higher volatility of losing higher amounts we have to also used smaller leverage to regulate how often one could lose while trading.

Sometimes people are unaware of patience... they see high leverage as a way to get high and quick profits. Practicing patience is difficult, but traders often forget this important point. Yeah, surely many here use high leverage, even in shitcoin trading, with 50x or 100x leverage. They make a profit at first, but after trying again, they end up getting liquidated.

40x leverage is crazy and is basically a recipe for disaster. So many people see leverage only as a means of multiplying profits, but it is a two-way thing, as you could also greatly multiply losses, so much that you might never be able to recover from it. James Wynn was a big time risk taker. And not to talk about his losses alone, he made huge profits on numerous occasions. I think he became too confident and threw caution to the wind. A smart trader does not function in that way. As much as you want to make profit, you should never forget how important risk management is in trading.

Before you make a consistent or considerable amount of profit from trading leverage, you must be a professional trader. Because from my personal trading experience, before you profit, you must have lost some money, most traders you see sharing their success stories or profitable screenshots, what happened is that they don't share their loses. Only few traders can continually share their profits and loss screenshots.

40x multiplier for a leverage trading is too much to be risk for, leverage trading has never accommodated longtime consistence success for traders who uses it as trading strategies because, a bit forward or backward volume of the markets volatilities can ruin your stance with very little margins that you will win with the high leverage trades as a cause of greeds to maximize incomes will cause you more risks where trading itself is already risk due to markets volatility.

For bitcoin, 5x leverage can be good, but for altcoins 1x leverage is too much. It is surprising that some people are using over 10x leverage for bitcoin. They will see the liquidation price to be very close but they will just prefer to go for it. Any highly volatile market can liquidate their trading assets. But going 4 times more, making 40x leverage, that is no more trading but gambling.

Greed is what will make a trader to use high leverage to trade in a high volatile and risky market. The rules of using the amount of money that you can afford to lose applies to trading too but some traders don't care about limiting their chance to high losses because they feel that they understand the market and it is time for them to make profit. Losses is more attached to trading than profits.

I agree that using high leverage to trade is very risky and not advised but you should know that it is not just greed that makes some traders use high leverage; some traders with very small account size opt to use high leverage so they can profit better from the market, but when the account size becomes bigger and they continue to use high leverage, then greed is kicking in. One good strategy to trade the market is to use the compounding effect, which is accumulating small profits over time until they grow into a meaningful sum. Some traders just want to make all the profits immediately, and that is what leads them into excessive losses that liquidate them.

The person might be lucky a few times but the very day their prediction goes wrong, all their entire capital including the previous made profits are going to be collected back by the market (full liquidation). Some rich traders that are successful in the industry only accumulates small profits per annum, they could do a 20-30% profits and still remain profitable but an inexperienced enthusiastic trader would want to use a high leverage to make 100% gain in a trade in one day so that he can buy his dream house or car   ,  Trading is not for impatient people who are just having the over night billionaire mindset, having a billionaire or millionaire mindset is good but not so desperate to get the money overnight, even the billionaire took years of hard work before they got to their financial level. So, anyone that can not be patient in trading can not be successful at trading.

Greed is a topic most traders fail to acknowledge and that's where the problem of chasing losses begin, up to the extent that one may think that using high leverage is the only way to recover from the loss. It all ends in heartbreak because using leverage only demands a trader understands what risk management truly is and how to implement it because when it comes to using leverage in trading, most pro traders and people who understand trading in theory, would often say that leverage is likened to a double edged sword with the power to make profits or loss look very big.

Only few percentage of people who are trading only winning the rest do lost on a constant basis, of course greed is an element that pioneers loses while gambling and any one who is that capable to control their greed index it could be that easier for them to be at the profit side. However, using a high leverage is ask risky as losing it as well especially when the market doesn’t go according how it was analysts before the trade is being opened, using a higher leverage is bad financial management and like I know the market nowadays are extremely volatile which trade should be carefully monitored except for someone who is actually holding for longer duration Of time.

James Wynn made a lot of noise several months ago and there were discussion topics about him. James Wynn looses $100m in high stakes trading. https://ninjastic.space/search?content=james%20Wynn The James went from a famous hero to a zero very quickly and there are big lessons for community from his big wins to big and complete loss of his trading fund after very short time. Lesson is taking higher risk does not help you rich and if you continue risky approaches with time, your money will be lost some days.

Yes of course, these are the people that view trading to be a quick profit scheme but unfortunately, their view will shift when the loses are excess and might haunt them to reduce their greed level, i personally do not use leverage when trading which makes me have time for other things and never make me so nervous all the time. Been patient on a trade is my strategy and i dont like to be in a haste while trading, that causes me to make mistakes steadily which ruin my trading journey, i just stick to been patient thats all.

Yes, and so as holding. Both requires patience but cannot stop people that does high leverage. What James did is a gamble, a huuuuuge gamble. This is common for crypto trader influencers. They're making it look easy to their fans that they're making money easy with high leverage. They're misleading a lot of their fans to do it as well. While the fans are in awe on how much profit they're showing, if these fans loses their money in leverage. There is no accountability from these influencers where they've known and copied their leverages.

The truth is, trading with leverage will definitely make you highly profitable but it could also lead you to massive losses in an instant. That’s why if you dare to take leverage, then prepare yourself to experience losses as well as that’s really inevitable no matter how good and excellent you are as a trader. It’s a bravery to take leverage, but never set aside proper risk management as that is always the best key for a successful and profitable trading. The truth is, not everyone is capable to trade with leverage. Some may be good at it, but majority aren’t. It’s always safer to stay trading at an amount you can manage to lose, since trading itself isn’t all about greed and risk taking, but it’s more on patience by knowing when to enter and exit from your trades.

It all depends on what the trader's goal is. You will never be able to increase your deposit from $500,000 to $80 million in 2 months if you do not use high leverage. But James Wynn was able to do it) So this dude's got balls of steel, no matter what they say about him.

Trading with leverage is inherently tough and risky. It’s not applicable for anyone who just desire to take leverage, but it requires high caution most specifically for beginners who does not follow strict risk management. While it could be a possible way to attract bigger profits, but if leverage is done the wrong way, it will definitely lead to instant losses and regrets eventually. That is the reason why no one suggest trading with leverage, except for those who are also blinded with it. However, I don’t mean generally that using leverage is wrong and will definitely bound us to lose, but it’s the riskiest way to trade and majority those who take leverage only end up with miserable losses.

Trading is risky and most traders have loss but they are keen on choosing trading rather than investment as they are attractive to good money earn by other traders or investors but do some trades with big capital. They don't know that millionaires can trade but trade professionally and they don't trade too often like daily. Professional traders can stay outside the market very long time and are patiently enough to wait for good trading opportunities, that's how they can win with trading positions and even win big. However, most traders unfortunately are trading addictive and lack of control as well as ability to defend their trading capital. They only think of profit, and let thier trading position opens with hope that profit will come tomorrow, next days, and don't mind to cut loss. While cutting loss when the market is risky and loss is still small are very vital practice for defending capital. One of best weapons in trading.

I saw one trader where he's ALWAYS going for max leverage with a huge margin as well. Of course, this isn't recommendable especially for newbies, but I've seen a trader using high leverage and making money from it. In fact, he just created his own Ragnarok Private Server (if you're playing Ragnarok at least ), and he's making monthly raffles of around $6,000 per month. I'm not totally disagreeing with what you said about that one. It's just that, it's not impossible for somebody to be profitable despite using high leverage and high margin. It has a high risk though. Now as for James Wynn, we've seen him losing lots of money with his x40 leverage trading especially with Bitcoin back months ago, but ever since he deactivated his account, I haven't heard anything from him or at least he didn't make any news anymore. I mean we're talking about him, and after a few weeks, we forgot about him already. I agree with what you said though that trading is all about patience that's why the number one rule in trading is to "survive" as much as you can, and the only way is to be patient, use a small trading capital only in trading, and risk small amount of money only.