An advisor to the Trump family-backed cryptocurrency platform World Liberty Financial placed a risky long bet on Avalanche AVAX/USD following the announcement of the first publicly traded AVAX-focused treasury company. So Far So Good For AVAX Long WhaleThe individual, operating under the pseudonym Ogle on X, opened a 10x leveraged long bet on AVAX, worth $2.2 million, according to Lookonchain.Additional data from Hypurrscan showed that the position was opened at an entry price of $33.8835. As of this writin ...

Get used to it.Those liquidation sweeps are going to happen quite often if there's a strong upwards run on #Altcoins.Lock your profits.Avoid leverage trading (you generally don't need it).Compound your profits.Have fun. ...

I love the name change to legitimize degeneracyLeverage Trading ~> perpetual future contractsMemecoin trading ~> memetics analysisRug pulling coins ~> developerGambling ~> predicting ...

I think it's time i just become a boring yield farmooor.LP providing, protocol maxing, capital working, yield farmer.Trading will always be something I do, but like why haven't i just been dumping 90-95% of my capital into stuff and just letting it work.Instead i am 69x leverage trades, and yeah ive done well, but like i shake a lot man, its stressful ...

Risk Management - Portfolio risk management prioritizes investing only what one can afford to lose, regardless of the trade's appeal [1] - Isolated trades are preferred over cross margin to limit potential losses to a single trade rather than risking the entire account [1] Portfolio Allocation - Generally, less than 1% of the portfolio is allocated to most trades, varying based on conviction and portfolio state [1] - High leverage is rarely used and is reserved for high-conviction plays believed to have bottomed [1] Investment Strategy with $20,000 Portfolio - $5,000 is set aside as an emergency fund or to recover from potential losses [1] - Approximately 80% of the funds are allocated to spot coins, with 60% in strong memecoins like BONK and FLOKI, and 40% in low-cap, on-chain plays [1] - Around 20% is allocated to leverage trading with the understanding that 100% of this amount could potentially be lost [1]

Trading Strategy (Speculative) - The trader intentionally over-allocates margin in leveraged trades before sleeping to induce anxiety and monitor positions frequently during the night [1] - This strategy disrupts sleep and leads to a less productive day [1] Risk Management (Poor) - The trader's approach involves taking on excessive risk, potentially leading to significant financial losses [1] - The trader's behavior indicates a lack of sound risk management practices [1]

Overview of James Wyn's Crypto Journey - James Wyn rose to fame on Hyperlid before experiencing significant financial losses, highlighting the risks associated with high-leverage crypto trading [1] - Wyn's journey serves as a cautionary tale about the potential for rapid gains to be followed by substantial losses in the crypto market [2] Key Events and Investments - Wyn received $6,000 worth of ETH from Alama Research around 2020 [3] - He made early investments in Pepe when its market cap was $600,000, predicting it would reach a $2 billion market cap [3] - Pepe's value peaked at $11 billion in early 2024, turning Wyn's initial investment into a fortune [4] Trading Activities and Platform Usage - Wyn used Hyperliquid for margin trading, attracted by its high-speed Hyper EVM tech, deep liquidity, and low fees [6] - He accumulated $465 million in profits in under two months on Hyperliquid [7] - Analysts estimated Wyn paid $231 million in trading fees on Hyperliquid [8] Losses and Market Manipulation Allegations - Wyn lost over $99 million in one week due to Bitcoin's price dip [11] - He opened a $114 billion long position on 10,200 BTC with 40x leverage [9] - There were allegations of market manipulation surrounding Wyn's trading activities [12] Final Takeaways - James Wyn's story illustrates the dangers of overleveraged and emotion-fueled trading in the crypto market [15] - The industry views his saga as a cautionary tale rather than a heroic one, emphasizing the importance of discipline in trading [15][16]