Indeed, the newbie protection period is over. Last month, I played a contract from 10u to 150u, and then lost it all in one day, followed by another loss of 70u. Now, with an airdrop, I've just broken even. I basically don't dare to use more than 10x leverage anymore; I'll practice with low leverage first. 😂

From dreams of getting rich to respecting the market

The celebration of turning 1000U into 20000U, the abyss of a 50,000 loss, and now only 500U remains — this is the script of the crypto world that I exchanged for a year of youth.
Relying on high-frequency fluctuations and the volatility created by the daily rise and fall of altcoins, I engaged in high-frequency trading. I turned 1000U into 20000U, not knowing if it was good luck or bad luck. As a novice, I found making money so easy that I kept adding to my positions without suffering a loss for a long time, until one sudden drop occurred. I frantically wanted to inject more money to average down, borrowing everything I could, believing it would surely rebound, until I received the liquidation notice.