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89% of futures traders are liquidated in their first month. Here is what the 11% do differently. When I was staring at the screen after losing $5,400, I realized I had been treating leverage like a fuel source instead of a margin requirement. I was gambling on price movement rather than calculating my survival. If you are trading $SOL or $NEAR without knowing your exact liquidation point, you are not trading; you are just waiting to be harvested by the exchange.

The math is unforgiving. To find your liquidation price on a long position, you take your entry price and subtract the result of your entry price divided by your leverage. Let’s look at a $1,000 account taking a long position on BTC at $60,000 with 10x leverage....