【“Liquidated for $2 million due to rumors?” James Wynn officially denied it! 】
Recently, there was news that the well-known trader James Wynn lost $2 million due to liquidation due to high leverage operations. But the person involved personally said: This is not my account at all!
The revelation of this incident to the market:
Rumors and misinformation are always present in the currency circle, and emotions are more easily amplified when the market fluctuates
The liquidation of other people’s accounts has nothing to do with the market fundamentals, and panic selling is often an opportunity for the banker
Wynn’s quick clarification also shows us that professional traders pay more attention to public opinion management and market confidence
Potential disadvantages:
During the spread of rumors, the emotions of some traders are affected, and short-term fluctuations may be amplified
This reminds everyone again that high-leverage transactions are indeed very risky in the market storm
The regulatory direction of the United States is changing, and the market is gradually moving towards standardization, but the currency circle is always a battlefield that is easily dominated by emotions. Don’t be swayed by temporary rumors. The real winner is a rational and stable person!
Don’t forget that rumors stop at the wise, and opportunities belong to calm actors. Patience is your greatest weapon in this market!
