When using 50x leverage, if the price moves just one point, your account jumps dramatically. In that kind of state, you can’t think rationally at all—every single candlestick is just stimulating your nerves. A normal pullback alone can wipe out your position; even if you’re right on direction, it ends up being pointless. After getting liquidated a few times, I finally admitted I was wrong—not in my assessment of direction, but in using leverage I couldn’t afford to withstand. Later, when I lowered the leverage, I realized something: with smaller account fluctuations, people don’t panic. If you don’t panic, you can execute according to your plan—you can hold what you should hold, and exit when you should exit. Leverage, in essence, compresses your margin for error. Once the margin for error is gone, your judgment disappears along with it. Only by using leverage you can truly tolerate can you make correct decisions. Staying alive is more important than getting rich quickly—this lesson took a lot of tuition fees before I really understood it.$ETH
There’s one more thing: on the 18th, the brothers and I placed a short position. We battled from 1800 with a short, and the actual result was that all of it was profitable. We locked in more than $80,000 in profit. Recently it’s also been continuously profitable, and the market has been very cooperative. Any brother who wants to join in and “eat meat” shouldn’t miss out.#BrentDrops1.87% $SNDKB $HYPE #SamsungFalls8.97%DraggingKospiDown3.24%