Do you believe that he is a legendary trader or that he is a shill and a fake/ scammer trader? Does he know what he is doing, or does he get lucky out of nowhere? He gets busted by manipulation tactics, or does he just speculate wrong? Just for the record, another trader who consistently counter-trading James Wynn’s positions has raked in $17 million in profits...
I don't care about James and I don't mind what he did, what he got and what he lost. I don't consider James as a legend man because experienced people don't take risk like this as the market is big and there are more whales than only James. So experienced people know that they should never bet big and face with risk of losing big money like James.
They as experienced people would know that investment is better than trading, and trading with leverages like James is considerable more dangerous.
James can be a stupid trader or he is only a puppet of a bigger manipulation behind the scene and he is part of a manipulative group with more people. They can open long and short, make a price range and fool most of the market crowd.