When I rushed to his cramped rental apartment, the smell of smoke mixed with instant noodles almost made me dizzy —— this kid was pounding the table, red-eyed, mumbling at the screen showing SOLK: “Just 0.5 points away! If it rises a little more, I’ll double my investment!” After reviewing his transaction records, I was covered in cold sweat: that 1.8 million wasn’t lost to market fluctuations; he had personally slashed it with his own ‘three knives’!
As a crypto analyst with eight years of experience and having witnessed thousands of zero-out tragedies, I have to hit you with the truth today: the real scythe in the crypto world is never on the K-line, but in your uncontrolled positions, greedy leverage, and unrestrained emotions!
1. Position loss of control: Those who fire all their bullets die in the pullback.
How crazy was A-Zhe's operation? SOL surged 25%, going all in, calling it 'taking off with the trend'. But the volatility in the crypto market never gives a heads-up, a mere 1.2% pullback precisely hit the liquidation line — there wasn't even an opportunity to add positions, the account directly popped up a 'forced liquidation' notification.
I've seen too many retail investors make this mistake: when the market rises, they feel 'missing out is worse than losing money', wanting to throw in their principal, borrowed funds, and even credit lines. But remember my iron rule: single currency positions must not exceed 30%! The remaining 70% is not idle funds; it's your 'life-saving airbag' — even if the market crashes, you can still laugh while adding positions, instead of crying and asking friends to borrow U.
2. Leverage loss of control: Leverage above 30 times is the platform's ATM.
A-Zhe boasted about using 40 times leverage while in the group, saying 'small bets for big gains, a wave of freedom'. But he forgot: leverage is never a profit amplifier, it's a risk accelerator. A 2.5% reverse price movement evaporates the principal directly — what you think is a 'shortcut' is actually a noose tailored for you by the exchange.
My personal principle: avoid leverage if possible; if you must use it, lock it within 3 times. Leverage exceeding 3 times means you’re not trading; you’re sending fees and performance to the platform. Those shouting '50 times leverage all in' are either shills or have never seen the cruelty of the market.
3. Emotional loss of control: Those who chase highs and cut losses are the platform's 'philanthropists'.
Translating A-Zhe's transaction records, I almost laughed out loud (and felt a bit heartbroken): Excitedly increasing positions during the red K, panic selling during the green K, traded 37 times in a week, spent over 20,000 in fees — this is not trading, it's clearly donating the down payment to the platform.
The scariest part of the crypto world is not the bear market, but your 'emotional trading'. When it rises, you get greedy, thinking 'if it doubles, I’ll take profits'; when it falls, you panic, thinking 'I need to cut losses quickly', perfectly hitting the 'buy high, sell low' cycle. Remember: those who can control their emotions have already beaten 80% of retail investors. Trading relies on discipline, not on heartbeat.
After eight years in the industry, I've seen too many 'waves of freedom' dreams turn into 'one night back to zero' tragedies. The crypto world is not a casino; it's a jungle of 'who can survive the longest' — those who can make money are never just lucky; they adhered to three bottom lines:
Position not exceeding 30%, leave enough safety cushion; leverage not exceeding 3 times, refuse gambler's mentality; set a stop loss before opening a position, use the system against human nature.
K-line is always neutral; in the same market, some double their money while others go to zero. The difference lies not in the market but in whether you have 'trading discipline'.
