#我的策略演变 has seen too many scripts of newcomers in the cryptocurrency world: learned 30 kinds of candlestick trading strategies, memorized MACD golden cross and death cross, yet still ended up losing everything upon entering the market. Later, I realized that 90% of those liquidation orders that make you cry at night are not technical issues, but rather fall into the "survival traps" of the trading world. Today, I will reveal 8 bloody truths, each word can help you survive another round of bull and bear markets.

1. Leverage is poison that penetrates the intestines, and heavy positions are the death knell.

There are always people who think "all-in and going all out + 100 times leverage" is a shortcut to wealth, forgetting that a 30% drop in a single day in the cryptocurrency world is more common than having a meal. Last year, I saw a retail investor use a principal of 500,000 to open a long position on SOL with 100 times leverage, going from a floating profit of 2 million to liquidation in just 3 hours — that cliff-like bearish candle on the candlestick chart didn't even give you a chance to close your position.