James Wynn admits to excessive leverage, says he was overwhelmed by attention and ultimately lost control of his emotions

This article is machine translated
Show original

On August 10th, James Wynn wrote a summary stating, "There are no mistakes in this world, only lessons. In my life, I always learn from anything considered a mistake or failure. The biggest lesson recently was turning $3 million into $100 million, and then losing it all in front of everyone.

That period was exciting—adrenaline was surging, chaotic and crazy. I smiled and laughed in the face of it. This was another lesson—over-leveraging, being overwhelmed by various 'attentions', and completely losing emotional control. I don't want to change anything that happened. Even if I could go back to that moment and choose to cash out, I wouldn't. I value this lesson more. Money is infinite, everywhere, and easy to earn.

You cheered when I reached $100 million and mocked me when I fell to the bottom, because you know you will never see, feel, or earn $1 million. Never. This is why 1% of people control 99% of the wealth, and why the rich keep getting richer—because 99% of people simply do not have this ability. This is the brutal truth. Money is not real."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments