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Ladies and gentlemen, I recently came across an interesting trading record. An old-timer has only won once out of 23 trades in his history, yet he managed to rack up a 12-loss streak. And what happened next? Even more intense—11 hours ago, he directly shorted 348.5 ETH with 25x leverage, worth $1.02 million, with an average entry price of $2945.32.
Seeing this data, I have to say—how much courage does that take? But seriously, the underlying issues behind this are worth a good discussion.
One is reverence. The market will never give you favors just because of your dreams. Using money you can't afford to lose to chase high leverage is essentially a battle with your own risk control bottom line. High leverage is like a double-edged sword; while it amplifies gains, losses also grow geometrically. How many people have been wiped out once and never recovered, simply because they didn't understand this principle?
The other is independent thinking. No matter how divine someone looks in the market, never blindly follow trades. You need your own trading system and risk discipline, rather than chasing hot trends or following celebrities. A complete set of trading rules is more effective than anything else.
I won't predict how this particular trade will end. But I suggest everyone remember the average price of $2945 and the 25x leverage. Come back in a few days and take another look—you might see something. This could turn into a vivid, million-dollar risk education lesson.