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The James Wynn Trap: Andrew Tate’s Leverage Lesson That Every Trader Should Learn
In a dramatic example of how leverage can turn trading into a minefield, entrepreneur and influencer Andrew Tate recently exposed a trading trap involving a lesser-known figure named James Wynn. Tate’s commentary has ignited debate across financial circles, particularly for novice traders enticed by high-risk, high-reward strategies.
The incident centers around James Wynn, a trader who claimed to have made impressive gains using extreme leverage on a volatile asset. According to Tate, this success story was more illusion than inspiration—a “trap” designed to sell courses, gain followers, or simply showcase a false sense of expertise. Tate labeled the practice as dangerous, pointing to the unsustainable nature of leveraged trades in unpredictable markets.
“If you win on 100x leverage, you’re not a genius — you’re lucky,” Tate warned in a now-viral video clip. “And luck always runs out.”
The key takeaway? Leverage is not inherently evil, but when wielded irresponsibly, it becomes a ticking time bomb. Many aspiring traders are lured by the dream of rapid wealth, overlooking the fact that leverage magnifies both gains and losses. Tate’s perspective serves as a cautionary tale rooted in firsthand experience.
His critique also highlights a broader issue within trading communities—many social media personalities glamorize gains while downplaying the risks. According to a report by the Financial Times, an increasing number of retail traders suffer significant losses due to overleveraged positions, often driven by misleading content and FOMO-fueled decisions.
For those entering the markets, Tate’s message is clear: if someone showcases gains from extreme leverage, ask yourself what they’re selling, what they’re not showing, and how sustainable that strategy really is. Real trading success, as he argues, comes from discipline, risk management, and long-term vision not flash-in-the-pan wins from 100x gambles.
While controversial and polarizing, Tate’s warnings tap into a hard truth many prefer to ignore. The lesson isn’t about Wynn himself it’s about the seductive illusion of easy money and the very real consequences when leverage is misused.
For aspiring traders and veterans alike, the Wynn trap is a timely reminder: in markets as unforgiving as crypto or forex, knowledge and caution are your most valuable currencies.
By Aduragbemi Omiyale
The time has come for the adoption of innovative solutions to enhance efficient power generation and distribution in Nigeria, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, has submitted.
Mr Bounour gave this suggestion at the Shell Power Conference 2025 themed Powering Nigeria’s Energy Future: Bridging the Gap Between Ambition and Action in Lagos recently.
The high-level gathering brought together key stakeholders, industry leaders, and policy experts to deliberate on actionable pathways for powering Nigeria’s energy future.
At the event, the Egbin Power chief also called for a sustainable development in the electricity industry, reaffirming the company’s unwavering commitment to this action.
“While compliance with health and safety standards comes first in generating electricity safely, our actions and commitment to providing adequate and reliable electricity to power industries, hospitals, strategic institutions, schools, and homes will enhance socio-economic development in Nigeria.
“Our collective actions and collaborations among players across generations, transmission, and distribution will catalyse improvement of the current situation we have now.
“We have explored how collaboration can unlock transformative investments, improve liquidity, and accelerate the adoption of cutting-edge technologies that will drive operational excellence,” Mr Bounour noted, stressing that the path forward must focus on efficiency, strategic partnerships, and the adoption of innovative solutions to enhance power generation and distribution in Nigeria.
“The challenges ahead are real, but so is our shared determination,” he noted, pointing out the importance of stakeholder collaboration and regulatory support in transforming the sector.
He reiterated Egbin’s readiness to partner across value chains to drive results, noting that the company continuously invests in innovation and operational upgrades to meet Nigeria’s growing energy demand.
“We are further driven by our commitment to real progress and turning our vision into results by building a truly sustainable energy ecosystem,” he shared, stating that, “The road to a brighter energy future requires our collaboration, and I believe that together, we can close the gap between where we are and where we need to be. The future of Nigeria’s energy sector is not a dream. It is a mission, let’s power it together.”
By Adedapo Adesanya
The gas arm of the Nigerian National Petroleum Company (NNPC) Limited, the Gas Marketing Limited (NGML), has expanded its supply portfolio with the signing of a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited.
The agreement enables the delivery of up to 44 million standard cubic feet per day (MMscf/d) of natural gas, further strengthening NGML’s role in Nigeria’s energy distribution chain.
The new deal, announced at the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Business Development Forum in Abuja, builds on the company’s existing agreement with GasHub Nigeria Limited and underscores its growing footprint in the midstream sector.
The gas supply deal is expected to significantly improve power generation capacity and support liquefied natural gas production, contributing to the nation’s industrial and energy security goals.
NGML noted that by increasing access to gas, it is also helping industries reduce dependency on diesel and other carbon-heavy fuels.
The AKK Gas Pipeline, a key strategic project for NNPC Limited is designed to connect gas-rich southern regions to demand centers in the north. The pipeline has been tagged as a game-changer for industrial growth, power generation, and regional energy access.
The agreement comes at a time when the federal government is intensifying efforts to scale up gas utilization across the country in line with the Decade of Gas initiative.
With this expansion, NGML is positioning itself as a reliable gas off-taker for large-scale industrial and power projects, driving economic development and enabling job creation.
The gas supply is also expected to benefit emerging industrial clusters along the AKK corridor, improving competitiveness and attracting new investments.
By Adedapo Adesanya
As the Transmission Company of Nigeria (TCN) begins a 25-day maintenance of the Omotosho – Ikeja West 330kV power line on Monday, there is pressing worry about its impact on productivity and business operations in Lagos State.
The TCN in a statement said the Nigerian Electricity Regulatory Commission (NERC) and the National Independent System Operator (NISO) have approved the “critical infrastructure upgrade”.
“The upgrade involves the installation of Optical Ground Wire (OPGW) fibre cable on the Omotosho/Ikeja West 330kV transmission line, scheduled from July 28, 2025, to August 21, 2025 from 8 am to 5 pm,” the TCN said in a statement by its General Manager (GM), Public Affairs, Ndidi Mbah.
During the period, the agency said, “power will be restored through the line after each day’s work, all other circuits will remain operational to ensure a stable power supply to the Lagos complex during the exercise”.
It said the upgrade will “enable full operationalization of the Supervisory Control and Data Acquisition (SCADA) system” and enhance the real-time monitoring and management of the power grid.
Meanwhile, the two electricity distribution companies operating in Lagos State: the Eko Electricity Distribution Company (EKEDC) and the Ikeja Electricity Distribution Company (Ikeja Electric) have informed customers about the planned upgrade.
In separate public notices, both Discos said there will be “intermittent power supply” during the period.
EKEDC wrote: “Dear Valued Customer, Kindly be informed that there will be a planned outage by our partner, Transmission Company of Nigeria (TCN).
Date: Monday, 28th July to Thursday, 21st August, 2025.
Time: 08:00 – 17:00 hrs (daily).
Reason: To enable works to be safely carried out on the Omotosho – Ikeja West 330kV power line.
Impact: Intermittent outage and load shedding across our network.
Affected Areas: Across our network coverage.”
“Dear Esteemed Customer, please be informed that the Transmission Company of Nigeria (TCN) will carry out scheduled maintenance on the Omotosho-Ikeja West 330kV transmission line from Monday, July 28, to Thursday, August 21, 2025, between the hours of 8:00 AM and 5:00 PM daily.
“During this period, customers may experience intermittent power supply and load shedding across our network due to the planned TCN outage,” Ikeja Electric said.
Despite this assurance, electricity users are dreading the development and its possible impact on work and business operations in the state.
For Doyin, a remote worker in Lagos, “It appears that they are serious about this thing and I am worried it will not allow me give my all. The cost of electricity is already high not to get anything right now.”
“I just hope that this upgrade doesn’t mean blackout,” she told Business Post.
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