He is one of the most famous traders.
He is known for his risky style of using high leverage and betting large amounts.
Recently, he entered a buy position on $BTC worth 1.25 billion dollars, using leverage up to 40 times.
This means that any slight movement in the market can earn millions or lose everything quickly.
Before entering this trade, he had exited a position on $PEPE with a profit of 25 million dollars, but he lost 5.3 million dollars in trades on $ETH and $sui. After the loss, he decided to double his bet on Bitcoin, starting on May 21 with an amount of 830 million dollars, then increasing his position to 1.1 billion dollars the next day, after noticing Bitcoin's rise above 110 thousand dollars. He then sold 540 Bitcoins and made a profit of 1.5 million dollars.
But on May 23, after Trump's announcement of a 50% tariff on EU imports, the market shook violently, and the price of Bitcoin fell below 107 thousand dollars. This decline cost James an immediate loss exceeding 29 million dollars in just one day, although he is still overall a winner of more than 57 million dollars since the beginning of his activity, and 46 million just in the last month.
What you need to understand here is that James's style relies on maximum risk. He does not trade like other people; instead, he enters the market aggressively and accepts volatility. Therefore, despite his fame and large profits, his position is at risk at any moment. And now, with the market's volatility, any further drop in the price of Bitcoin could lead to the complete liquidation of his position.
This example illustrates that even the biggest traders, and the boldest, can suffer sudden losses due to political events or market movements. No matter how confident or profitable you are, the market guarantees nothing to anyone, especially when using high leverage as James did....
