I just scrolled through the WeChat community and Binance Square and found that many people seem to think the altcoins are about to take off, so they start chasing with high leverage, especially after a certain domestic project surged, the sentiment in the CEX is directly heating up to a boiling point.

A reminder:

Actually, many people lose a lot of money in a bull market because they get overly excited, they experience FOMO and fear of missing out, they use high leverage to chase the highs, and they don't set stop losses to hold their positions.

When the market is hot, the strategy of riding the uptrend can work, but the premise is: every position must have a stop loss, or use high leverage with margin trading, treating liquidation as a stop loss, and you cannot hold.

Otherwise, when the time comes, there won't even be a place to cry.