#密码资产动态追踪 Hearing the words "leverage," many people's first reaction is: It's over, this is a sign of liquidation.

But honestly—leverage itself isn't wrong; usually, it's the trader who messes up.

When the market is smooth, a small increase of three or five points in spot prices can significantly boost returns with leverage. This isn't luck; it's mathematics.

However, people often only focus on the gains and never consider their psychological tolerance.

Why do some people get liquidated?

Honestly, it's not about the multiplier; it's about reckless operation.

No stop-loss plan, holding on after a loss, making reckless moves when emotional, being overly active—these are the realities that your account will honestly tell you. I've seen too many such cases.

They talk about being cautious, but never execute stop-losses; they hope to turn things around in one shot, but their mindset is more volatile than the K-line.

This isn't trading—it's gambling.

Leverage isn't inherently bad, but there's a prerequisite—you need discipline: accurate judgment, decisive action, and the courage to cut losses.

If you can do these, leverage becomes a tool for acceleration; if not, it will only magnify your mistakes infinitely—like a microscope.

Leverage is like a mirror. Systematic, planned traders can survive well even with 10x leverage; those without a system feel constrained even with just 3x.

So, don't be scared by the word "leverage," and don't go all-in just because you're excited.

Understand the market structure, manage your mindset well, and you'll truly deserve this efficiency tool.