At the beginning, I was doing low leverage contracts, like 5x. I found that when I was trading with low leverage, my judgment on market trends was very accurate. Of course, this isn't very difficult, and profits often reached 2x or 3x, with the highest being 8x, accumulating profits of over 30 times. Sometimes when facing a downturn, just holding on was enough, and my mental state was very good. Later, I felt that 5x wasn't enough, so I started doing 20x. For an entire month, I doubted whether someone had targeted me. Whenever I went long, the price would definitely not rise; whenever I went short, it would definitely not fall. The key point was that when I closed a long position, the price would immediately skyrocket, and when I closed a short position, it would immediately plummet. This happened once or twice, which was fine, but it continued for an entire month, which could really drive someone crazy. Moreover, in the crypto space, fluctuations of 5 points up or down are normal, but if it drops 4 points, my long position gets liquidated, and if it rises 4 points, my short position gets liquidated. After too many liquidations, a person becomes numb and feels nothing. I started to wonder if this trading platform had an automatic monitoring system that detects when someone opens a contract above 20x, automatically rolling the liquidity pool to eat the positions. Once it finishes, it resumes normal operations: what should rise, rises; what should fall, falls. Don’t underestimate small positions; even a fly is still made of meat. The differences between low leverage and high leverage contracts: First, the mentality is different. When trading 5x contracts, whether the price rises or falls, just a glance and I consider it a loss. When trading 20x contracts, if it drops by 2 points, I wonder if I should run. If I run, I lose money; if I don’t run, I get liquidated. This dog platform is targeting me. In the end, I can only sigh: both rises and falls are fate, not controlled by anyone. Second, the judgment is different. When trading 5x contracts, you only need to make a rough judgment. But for 20x contracts, making a rough judgment is useless due to the short-term fluctuations that are unpredictable. It’s just gambling, pure gambling. Third, the operation is different. When trading 5x contracts, you might not need to operate for days, half a month, or even half a year; you could even uninstall the app. However, with 20x contracts, you might need to operate dozens of times in a single day. In fact, in the end, all the money gets eaten by the transaction fees. With 5x, you can invest long-term, but with 20x, you don’t dare to invest long-term. After trading high leverage, you no longer want to trade low leverage. So, don’t lightly try contracts over 20x; it’s extremely dangerous. Don’t even do 10x; 5x is enough. But once you start trading contracts, it’s inevitable to move towards higher leverage.

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