James’s Bitcoin Trading Continues to Stumble Despite High Leverage

Trader James Wynn has experienced a string of losses, this time after entering a short position on Bitcoin (BTC) with 40x leverage. Despite closing his previous long position at a loss of $70.71, he opened a new short position in the same market. This move follows another attempt to make a profit by going short in a similar manner. Even after this latest attempt, James’s efforts to generate positive returns remain elusive. He has yet to see success despite his small trading size and continued use of 40x leverage which amplifies both potential gains and losses.