I am very curious if James is a fictional character, a person with assets exceeding 100 million dollars, why would he use high leverage? Why is he still unwilling to give up even after being targeted by the market and losing everything?

Is it because he is foolish? Or perhaps he is stubborn, but clearly, that cannot be the case. If he possessed any of the above conditions, his assets could not possibly exceed 100 million dollars. 'Foolish' is just taken literally.

I think being stubborn is unrealistic, because throughout an investment career, there will be many instances of stubbornness. Whenever it occurs, he faces the current situation. If he overcame it in the past, then why can’t he overcome it now? It is quite thought-provoking!

Just like you, the first million in life serves as a watershed moment. When you approach one million, you become cautious because this is the first step to breaking free from a life of toil.

At the same time, this is also your startup capital. When you surpass one hundred, you will redefine how much you want. Some say they want over a hundred million, while those with 5000+ should be two types of people: one who strikes it lucky and profits quickly, and another who has not escaped a life of toil.

A somewhat normal first goal is definitely to double your investment; achieving satisfaction is probably just five hundred. Once you reach a level of satisfaction with your capital, you will gradually stop pursuing every opportunity. You will participate when you can grasp it, and you won’t force yourself to participate when you can't!

When you are lucky enough to surpass a thousand, your state is such that when there are no opportunities in the market, you are not interested in anything. During boring moments, the only thing that can motivate you is, for example, if you fancy a car or if you want to buy several outfits or shoes today. You will set aside a small amount of funds to see if you can earn enough to buy those.

What can interest you is only stable income and the arrival of market trends!

To be honest, someone like James, who frequently uses high leverage, goes all in, refuses to admit defeat after losses, and knowingly faces challenges, doesn't give the impression of informing the whole world before placing orders.

There’s not much to discuss about the market, it is what it is. To be honest, I admire those who say they will liquidate their positions at certain levels and then look for even lower prices, and then right after liquidating, they chase back in when it rebounds, hoping to see higher. $BTC