Seeing many people say "I only leverage 5 times, it's very stable," is really a bit funny.
Do you think 5 times is conservative? Using $10,000 with 5 times leverage, a 20% fluctuation can bring you to zero. This is not stable; it's dancing on the edge of a knife.
The essence of this market is very cruel—every penny we earn comes from someone else's liquidation order:
Harvesting those blindly shorting in a bull market
Cleaning up those 'warriors' who try to catch falling knives in a bear market
Waiting for those cowards who can't hold on and have to cut losses during consolidation
But remember—only those who survive have the right to pick up money!
Real experts spend 80% of their time waiting, patiently like a cheetah, just for that deadly strike opportunity. They are not disturbed by market noise; they only act when the prey is bleeding.
Ordinary people are always fantasizing:
"If I wait a little longer, I can break even" → Resulting in deeper trouble
"Holding on to positions will turn the tide" → In the end, there’s nothing left
And smart people have long understood:
"If you can't see clearly, then stand by" is the highest level of operation.
Want to survive in this market? Remember these three iron rules:
Never bet more than 10% of your capital each time.
Cut losses immediately if losses exceed 5%.
No matter how expensive the fees are, they are cheaper than liquidation.
Can't do these? Don't even think about making money; you won't even have the chance to see the next bull market. In this market that eats people without spitting out bones, living long is the real skill.