20x leverage, fully invested every time, never setting stop losses.
Every trade is a gamble on "this time it will definitely be right"; every drawdown relies on "just wait a bit longer" to hold on.
Not long ago, a brother suddenly reached out to me. His tone was very low: "Brother Xuan, I have lost 11 trades in a row, with a principal of 30,000 U, and now I only have 1,300 U left. Should I just accept my fate?"
I didn’t rush to comfort him, and first asked him to send over the trading records. It was better not to look, but once I flipped through them, I understood—
It’s not that fate is bad, but the way of playing is inherently destined for zeroing out.
I asked him, "Have you calculated,
if this trade goes wrong, how much can you bear?"
He was silent. The problem is precisely here.
It’s not that losing 11 trades in a row is fatal,
but that your first trade has already blocked all retreat paths.
Many people have a fatal misunderstanding about contracts:
They think losing is due to inaccurate judgment.
But what truly causes account collapse,
is never misreading the direction,
but rather—over-leverage + high multiples + no stop loss.
