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89% of futures traders are liquidated in their first month. I was one of them, staring at a screen while my $5,400 evaporated into the void of an over-leveraged long. Back then, I thought leverage was a tool for wealth; now I know it’s just a faster way to pay the exchange for the privilege of being wrong. People treat leverage like a multiplier for profit, but the exchange treats it as a countdown to seizing your collateral. Let's look at the cold, hard math of your liquidation price using $SOL at a $150 entry point.

If you enter a long on $SOL at $150 with 10x leverage, your liquidation price sits at roughly $136.50. You lose 10% of your position value, and the exchange pulls the plug to protect their capital. Push...