#TradingMistakes101

James Wynn, the famous cryptocurrency trader, experienced sharp fluctuations on the Hyperliquid platform, where he turned 3 million dollars into 100 million dollars before losing it all within a week. He attributed his downfall to greed and public pressure, noting that his trades became emotional and reckless. Despite this devastating loss, Wynn continues to promote trading platforms and meme coins.¹

*Key events that led to the liquidation:*

- *Initial profit*: Wynn's account rose to 100 million dollars, with unrealized profits reaching 85 million dollars at one point.

- *High leveraged bets*: Wynn took massive and highly leveraged positions in Bitcoin (BTC), PEPE memecoins, and other tokens, attracting the attention of cryptocurrency enthusiasts around the world.

- *Collapse*: A massive 1.25 billion dollar bet on Bitcoin collapsed as prices fell below 105,000 dollars, amid rising geopolitical tensions, resulting in a loss of over 37 million dollars including fees.