James Wynn: I confess! I realize I have lost control, but I am afraid of being laughed at.
To be honest, watching James Wynn's story really feels like watching another person from our Chinese community; I even start to doubt whether this is a script that was copied!
People in the crypto world are just looking for some fun; they enjoy the ups and downs and few will truly mock them;
Because most people neither have their wealth, nor can they generate traffic, and they can genuinely turn their fortunes around through "begging."
Moreover, he simply did what many of us want to do but dare not: being crazy, losing control, taking a gamble and if it fails, just restart.
Regardless of whether James is following a script, I believe retail investors can still learn something from this—
1️⃣ Don’t trade for others
You know you should have stopped long ago, but when you think about the hundreds of thousands of people watching on-chain, and the thought that "even if I make 100 million, I can't keep it" might trend, you act out of spite, wanting to prove something, and in the end, you lose everything.
This is not trading; it’s a performance; this is not strategy; it’s emotion.
The money in your account should only be your responsibility.
Not for screenshots to post on Twitter, not to prove your insight, and definitely not to respond to anyone's doubts.
2️⃣ Profitability is not ability; taking profits is
The process of going from 3 million to 100 million can rely on luck, but going from 100 million back to 0 is always a result of losing control of logic.
A true expert is not one who can multiply their money many times, but one who can survive several rounds.
Real success is never about unrealized gains in your account, but the moment you truly take profits and exit.
You can win a few times, but never lose everything.
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