Duan Yongping: I have a friend who started with 20,000 yuan and made 2 billion USD, but he always feels like he's poor because he's always using 200% margin. It is said that now he's doing better and no longer uses margin.

Duan Yongping: I have a friend who started with 20,000 yuan and made 2 billion USD, but he always feels like he's poor because he's always using 200% margin. It is said that now he's doing better and no longer uses margin. However, margin is a bit like an addiction; quitting is not easy. (2015-02-28)
Duan Yongping: He has been in the business for 30 years, very talented, very focused on fundamentals, very hardworking, and never makes moves lightly. He has had many classic investments and a few life-or-death escapes.
In 2008/09, on the day before the crash, he sweat and cried as he cut his losses—an extremely classic move—miss it by a day and he would have been back to square one.
Even so, he has become wealthy more than once. Human behavior can sometimes be really hard to understand.
Now he's much happier, with a feeling of "laying down the butcher's knife and instantly becoming a Buddha." $ETH
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