Contract leverage can make one rich overnight, but it can also wipe out one's account in an instant.
I have seen too many fans fall victim to leverage; they rush in with full confidence, and within a few days, their accounts are left completely empty.
Eighty percent of people who enter the leverage zone end up either deeply trapped or liquidated.
Why?
Because they only see "magnified profits" but forget that—risks are equally magnified.
Leverage, in essence, is borrowing money to trade cryptocurrencies.
If you take 1000U and open 10x leverage, it is equivalent to trading 10000U.
When the market moves in your favor, your account grows like a rocket;
but as soon as a bearish candle appears, you won't even have time to hit the stop-loss button, and your account goes straight to zero.
This is the truth about leverage:
it doesn't kill; greed kills.
The market will not show mercy; it only cares about whose position is the heaviest and who exits first.
I know a fan who,
the day before yesterday, just made 5000U, overflowing with confidence;
the next day, he went directly to 100x leverage, but the market turned against him,
watching helplessly as his account exploded to 0,
at that moment he was completely stunned.
I only told him one thing: "You didn't lose to the market; you lost to yourself."
Leverage is not the devil; human nature is.
Greed, impatience, and gambling—these three words are the tomb of beginners in the crypto world.
After eight years of practical experience, I have summarized three life-saving rules👇
① Low leverage.
Beginners should not exceed 3x; first learn to be stable, do not think about getting rich overnight.
② Light positions.
Always leave room; the market can counter-attack at any time. Don’t go all in; keeping some bullets gives you a chance to come back.
③ Always set stop-loss.
Not having a stop-loss is like running naked; when the market crashes, it won't give you time to react.
The crypto world is not a casino; capital is life.
If you protect your capital, you qualify to continue gambling;
if you can't protect it, you won’t even get a seat at the next game.
The market is active every day; liquidation only takes once.
If you want to survive in this market for a long time—don't think about getting rich overnight,