Hey friends, I've been quite free lately revisiting knowledge so I thought I'd share a bit about the market and some mindsets when participating in this market. Many of you are currently using very high leverage like x20, x30, and even x50, and many have burned out, will burn out, and have nothing left just because of using too high leverage... only to look back one day with the two words 'if only...'
I know that feeling. The feeling of holding $100, $1,000, $2,000 in hand and dreaming of multiplying it by 10, 20, or even 100 times. Just one correct trade can change your life from a small capital. That feeling is very strong, and it's easy to get addicted. Seeing others brag about 10x profits overnight, I suddenly feel like I'm too slow, that I need to do something faster, riskier, and leverage higher.........
But in reality... that's when you are most likely to lose everything....
With $100, using 20x leverage means you're playing with $2,000. But if the market moves against you by just 5% to 10%, your account is wiped out. There's no chance to 'hold on', no chance to 'wait for a recovery', only a liquidation and a feeling of emptiness. I have been there, burned many times due to the feeling of 'I think it will go in the right direction'. But the market doesn't care what I think at all.
It only takes one misstep to blow everything away.
It sounds a bit painful, but I'm being honest: the crypto market is unforgiving for those who want to get rich quickly without control. Leverage is not meant for quick wealth but to kill those who lack discipline faster.
I once asked myself: why do I always like to use leverage? Because I want to win quickly.
But really, wanting to win quickly because... afraid of losing slowly.
Afraid of wasting time, afraid of seeing others become rich while I'm still lagging behind. But the more I rush, the more I lose, the deeper I sink, and then I have to use leverage to recover. A vicious cycle. And in the end, I realized: going slow and steady is the only way to survive.
There is a truth that few people say:
Crypto is not a game of who trades best, but who can hold onto capital the longest.............
Don't rush. Start by preserving capital. Trade small, learn gradually; if using leverage, go very small and a maximum of x5, I remind you again. Know stop-loss, know how to take profits. Know when to stay out and when to get in. Learn a little every day, observe the market more, listen to fewer KOLs, and believe in yourself more........................................................
I still believe in the dream of going from $10,000 to $100,000 and then to $1,000,000 – but it doesn't happen overnight; it comes after hundreds of nights of discipline, alertness, and perseverance.
You can win a few trades with high leverage. But to win over the long haul, to reach financial freedom, you must let go of the habit of 'betting big to change your life'. Don't let leverage take away the most precious thing – your time, experience, and capital.
Trading is a journey, not a gamble. Survive first, then get rich. And if there's anything to remember, it's:
It's okay not to use leverage, but if you can't preserve capital, you'll die anyway.
Dear friends, from someone who has burned many times and now just wants to survive a little longer to see the harvest day...........
I will go slow – but I will get there. I hope you all do too.
Still my familiar saying. Slow but steady, sustainable profits are the smart investment.
Wishing you all success..