Everyone says leverage is the problem. It is not. Your position size is. Back when I lost my $5,400, I treated 50x leverage like a lottery ticket, clicking "long" without knowing where the exit door was. I didn’t realize that leverage doesn't just multiply your gains; it shrinks your distance to liquidation until your margin for error is effectively zero. Think of leverage like driving a car at 150mph on a narrow mountain road. The faster you go, the less room you have to twitch the wheel before you fly off the cliff. That cliff edge is your liquidation price.

Let’s look at the math with $BTC. If you enter a $1,000 position on $BTC at 10x leverage, you are effectively controlling $10,000 worth of assets with...