If you also trade cryptocurrencies, these screenshots of conversations might just be your "ECG".
In the chat records, "Sister Fat" followed the instructions of "Teacher" and opened a 100x short position on Ethereum with 1500U at 2936. Then came the familiar storyline: market fluctuations, mood swings, teacher's reassurance, a brief joy of making over 4000U... everything seemed like a successful "copy trading lesson".
But the fifth image reveals the whole truth:
Although it shows a floating profit of +4358U and a return rate of nearly 300%, the often overlooked "Estimated Liquidation Price: 3936.50" is the real deadly trap.
What does this mean?
This means that as long as the price of Ethereum rises to 3936.5—this position is not out of reach in the wildly fluctuating cryptocurrency market—this position will instantly be liquidated, and the entire 1500U capital will be wiped out.
The so-called "copy trading teacher" creates an illusion of getting rich quickly through high leverage and temporary floating profits, causing you to forget that you are standing on the edge of a cliff while you are on a roller coaster of emotions between "fearful" and "oh, that's nice". They won’t tell you that under 100x leverage, even a non-extreme reverse fluctuation is enough to swallow all your capital and profits.
This has never been an investment; it is a gambling game with your capital as the stake, where the odds are already predetermined.
Remember these three points, which may help you survive longer in the crypto world:
The real "teachers" only have discipline and risk control. Those who can take you through bull and bear markets are not anyone's calls, but your own knowledge system, trading rules, and emotional control.
Beware of all trades that make your "heart race". The excitement brought by high leverage is often a prelude to losses. Real opportunities usually occur after calmness and waiting.
Always control the closing button yourself. Don’t let others decide the life and death of your position. The risk of liquidation must be monitored and borne by you at all times.
The greatest fairness in the crypto world is: the market rewards those who adhere to rules and respect risks, and will certainly punish those who blindly chase illusions by entrusting their fate to others in the most brutal way.
Preserving capital is the first lesson for survival here, and also the last lesson.
