James's position has decreased from a high of 1 billion to 279 million, with a maximum profit of 80 million USD, and now he has also lost that, with a net loss of over 27 million in the last 30 days.

The market has been bad in recent days, always heading towards his liquidation price. Every time he approaches the liquidation point, he makes a reduction in his position, and when the price stabilizes, he buys back the position, frequently reducing and opening positions, resulting in very high wear and tear.

He is again using 40X leverage.

I really don’t understand his operations; I was the same when I was high. Until the principal was consumed completely, isn’t this the standard operation of a genius trader? Could it be that he is just a big retail investor like the rest???

His kind of obvious strategy exposes his weaknesses to the market; what benefit does that bring him?