How many times have you suffered losses in the cryptocurrency world? Each loss may bring you profound lessons and even change the trajectory of your life.
Last October, a friend I knew experienced a dramatic turn from heaven to hell.
He entered the futures market with a principal of 500,000, opening a long position with 5x leverage.
At first, the market rose steadily, and his account quickly soared from 500,000 to 4,600,000, achieving an astonishing net profit of 881%.
In the cryptocurrency world, this could almost be called a textbook case of getting rich.
If it were someone else, they might have decisively taken profits and cashed out.
But he did not. His wife told me that although the account was rising, and there was a small pullback in between, he did not cut losses; instead, he resolutely held on.
When the rebound came, his account's profit had already exceeded 900%.
At that time, more and more people were shorting the market, and prices were pushed higher. He firmly believed the target price would reach 5,000,000.
His tone was very calm, but there was an unconscious tremor in that calmness.
He was just staring at the screen, telling his wife about the account's situation, without excitement or joy.
He had experienced similar storms before, so this time's 'calmness' felt more like a gambler's numbness.
He was convinced that if he could just endure a little longer, he could see the number 5,000,000 and then cash out.
However, the market never shows mercy to anyone.
Just at the moment he was most relaxed, a sharp price fluctuation mercilessly struck.
The account number quickly dropped from several million to over 600,000, and then it was completely liquidated.
At that moment, the screen seemed to freeze, and his whole body stiffened.
His wife was about to ask him what was wrong when he suddenly rushed to the windowsill and jumped down without hesitation...
Fortunately, he lived on the 3rd floor, so he survived. But that jump changed his life forever—he lost the ability to walk.
From that night on, everyone understood: in the face of futures trading, there is no opportunity to 'endure a little longer' and no room for 'one more push.'
There is only a thought of heaven and a thought of hell.
This is not only a bloody warning but also a profound reminder to every futures trader: risk is never something you can ignore.
What you can control is yourself; what you cannot control is the market.
