Last week, a cryptocurrency friend was bragging about how he usually starts with 30x and 50x leverage, sounding so calm, as if the higher the leverage, the higher the level.
I casually joked, "Then why don’t you go for 100x?" He rolled his eyes and replied, "It blows up too fast, there's no time to escape."
I couldn't help but laugh. It sounded like a joke, but it was all blood and tears.
To put it simply, using leverage is essentially walking on a tightrope.
30x is like wearing slippers, 50x is like applying oil to the soles of your feet,
100x? That’s charging forward with your eyes closed.
The difference isn’t about whether something will go wrong,
it’s about—
how many seconds the market gives you to react.
Many people believe in high leverage,
thinking "higher multiples = higher efficiency = quicker recovery of losses."
But they haven’t calculated another account:
As long as there’s a pin-sized reverse fluctuation in the market,
the position starts to bleed.
50x isn’t safer,
it just means dying a little slower.
100x isn’t more ruthless,
it just doesn’t give you time to regret.
You think you’re trading,
but you’re actually racing against delays, slippage, and emotions.
If the phone is one second slow,
if your hand shakes for a moment,
the market helps you finish the "liquidation."
I’ve seen too many people,
when the market is favorable, they feel like the chosen ones;
when the market changes, their accounts go straight to zero,
without even qualifying for a review.
