⚠️ Don't let complacency cloud your judgment ⚠️
This is James (@JamesWynnReal) - who made $85 million in profit in less than a month on Hyperliquid. But when complacency peaked, he continuously boasted about his achievements on social media, challenging Market Makers… and then faced a bitter end 😞.
Currently, James is holding a Long position on $BTC with 40x leverage, valued at $177 million, entry at 107,993, and liquidation at 104,600. This position is currently facing an unrealized loss of $4.4 million.
From the peak profit of $85 million, in just over a week, he has returned to the starting line, and is even currently facing heavy losses. Statistics from @HyperliquidX show that the current loss has reached $13.4 million 💸.
A valuable lesson for all of us: No matter how successful you are, do not let complacency obscure your judgment and caution. Making money isn't hard, but keeping it is the true art. Manage risks smartly and respect the market
#TradingWisdom #RiskManagement #CryptoLesson #StayHumble #MarketReality #Hyperliquid #BTC #CryptoTrading 🚀