#数字资产生态回暖 At 2 a.m., I received shocking news. Once a steady trader, Xiaolin used 800U to trade contracts and ended up with only 12U.

The story is simple yet heartbreaking. Xiaolin made a 25% profit from grid trading over half a year, then was pulled into the contract circle by a friend. His first attempt was with 300U at 10x leverage, earning 450U in two hours, and he was ecstatic. From that moment, he fell into the happy trap of leverage.

"Making money is so easy!" This phrase later destroyed him.

He started adding on infinitely—800U principal with 20x leverage, reasoning quite reasonably: "BTC breaks out, just a little more and it doubles." Showing off his cut-loss chart to friends, he didn't consider the most deadly factor—under 20x leverage, just a 1% fluctuation can wipe out 20% of his principal. His set stop-loss at 0.8%? It couldn't hold.

At 1 a.m., BTC retraced 1.8%. Forced liquidation.

12U remaining.

He asked, "Why did I lose even though I guessed the right direction?" That's the core issue. Using 800U to gamble on doubling is actually risking his life rather than just trading. His principal is just over 1,000U, putting all chips in, which is no different from guessing the wrong direction. Contracts are not tools for making money; they amplify risks. The higher the leverage, the faster you die.

After dawn, he wrote a reflection: "Lost to greed, abandoned the steady path."

Before trading, you must ask yourself three questions. First, can you accept losing everything? Second, does this leverage level exceed your capacity to bear? Third, are you trading or gambling with your life? Markets are available every day, but your capital is only once. To make trading sustainable, reduce leverage, extend the cycle, and don't let one liquidation destroy all your accumulated gains.