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89% of futures traders are liquidated in their first month. Here is what the 11% do differently. When I first started, I treated leverage like a volume knob on a stereo, cranking it up to get louder profits. I didn't realize that each turn of the dial pushed my liquidation price closer to the entry, eventually leading to the $5,400 loss that humbled me into becoming a student of the market. Liquidation isn't a surprise; it is a mathematical certainty you choose the moment you set your leverage.

To calculate your liquidation price, use this formula: Liquidation Price = Entry Price * (1 - (Maintenance Margin / Leverage)). Let’s look at a $1,000 account long on $SOL at $150 with 10x leverage. Your maintenance margin is...