Quote from: jackpotmaster on June 04, 2025, 01:16:00 AM

Quote from: Polkeins on June 02, 2025, 01:41:02 PM

Quote from: dwyane36 on June 01, 2025, 04:07:42 AM

I think that many people have recently heard about James Wynn and how he first boosted his deposit from $3-4mln to $100mln with the help of x40 leveraged futures, then squandered all the unrealized profit and even went into a minus. In fact, futures with such leverage are the same as gambling. In my opinion, his case is a clear example that greed, haste, and unrealistic goals don't lead to anything good.

By the way, he started opened long on BTC again and again after he made this price of BTC went down and he is close to the liquidation again.
It is not very clear what goals James Wynn is pursuing, but his attempts to outplay the market will not lead to anything good, Livermore wrote that you can win for a while, but you can not be right all the time and you need to know when to stop.
I have used futures in trading several times and opened a position when the market was falling and as it seemed to me I found my “bottom”, but then the market fell again and my positions were closed.
Now I trade only spot and no futures, even if I want to get a lot of money quickly.

There are some legitimate doubts as to whether these trades are even real. If they are not real, they are using it as shady marketing stunt as such manipulative practices should not be allowed. If they are real, he is one of the most stupid people to have joined crypto ever. He had won the game, all he had to do was to stop going online and live his life. Instead, he ruined everything. What is worse, these kind of big gains being publicized are manipulating other people into believing that they can also be the lucky winner. A lot of people are using leverage which is very dangerous, and they have very high targets. They always lose money.

Quote from: rachael9385 on June 03, 2025, 09:05:07 PM

People who set targets for themselves in my opinion end up failing because gambling isn't something that has a sure outcome, setting a target means that you are sure of getting the profit from it. Nothing is guaranteed, this is the reason why I always hope to get lucky no matter how long I spend doing my analysis. One thing that most gamblers and bettors need to know is there are certain things that can change the outcome of our predictions

Setting targets in anything is not related to being sure about something, so what you wrote is very wrong. It is about what you want to achieve.

Limitation would be always the thing or something that you do need up to consider on no matter what are the things that you've been dealing into. Its always been that recommended that you should be thinking up realistically into the things that you are trying out to get engage into whether on gambling or trading on which you should be wary. On the time that you had made out some serious amount then just simply stop and cherish out those wins accordingly and not to aim for more. Now that we are pertaining about gambling then its always been that crucial that you should know on what are your limits. Stop when you are making profits and buy up something tangible then dont pursue out even more in speaking about trying to get more profits as much as possible. When you are that making up some unrealistic target in gambling then you would definitely be having some issues on which it would be might leading into that overall devastation into your life and if you arent that good when it comes to solving out problems or having those kind of realizations then you would definitely be facing those unfortunate conditions on which you do need up to look up and would be needing up to consider. There's no way that you cant be able to determine on whats good and whats bad. It is just that there are things that makes you impulsive at the time or moment that you do lose money. Gambling is risky and its not just that right that you would be trying out to make it as a form of entertainment and leisure so that you wont be trying out to claim yourself or pushing yourself out of the limits just because you've been that trying out to go into another path. You are the ones who do made out some decisions that makes that those negative things that would happen into you. If you are just that sensible and mindful into the actions that you are taking then you would definitely be having no issues with that. You do definitely be trying out to have that control so that there would be no problems that lies ahead.