#TradingMistakes101
Aaron Kilar's story has become the talk of the crypto community after his massive profits turned into catastrophic losses due to greed and poor risk management.
Aaron started with only $2 million in capital and managed to grow his account to $70 million within a month of active trading in meme coins and new platforms.
🔥 Collapse Details:
Initial Success: Aaron made huge gains from coins like $PEPE and $BONK, attracting thousands of followers who called him the "meme coin legend."
Fatal Mistake: He entered a massive position on a new coin using 35x leverage, relying on recommendations and media hype without real analysis.
The Explosion: Suddenly, the coin collapsed by 60% after the project team announced their withdrawal, causing most of Aaron's positions to be liquidated.
The Result: He exited the market losing over 90% of his wealth, and his story turned from "inspiring" to a "harsh lesson" in the trading world.
📌 The Lesson:
Do not be deceived by temporary profits, and do not enter massive positions out of excitement or public pressure. Leverage can multiply your profits, but it is also the fastest way to lose everything if you are not prepared.