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Trader James Wynn was liquidated 12 times in 12 hours, account only left with 6.010 USD
James Wynn (@JamesWynnReal) continues to face heavy losses as the market recovers, being liquidated 12 times in just the past 12 hours. Previously, over the course of two months, he has suffered a total of 45 liquidations.
Recently, James had a winning trade, but instead of taking profits, he kept increasing his position. As a result, he was liquidated continuously.
Currently, James's account only has 6,010 USD left, clearly reflecting the risks of not managing capital properly in a highly volatile market. His story serves as a reminder of the importance of taking profits and controlling risks, especially for traders using high leverage.
The cryptocurrency market is inherently volatile, and trying to “catch the bottom” or continually increase positions can lead to rapid losses, as was the case with James Wynn.