These past few years, I've seen too many stories—some people go from millions in assets to nothing, while others start from zero and become millionaires. The craziest strategy in the crypto world is definitely margin trading. When you're making money, you can turn things around in one shot; when you’re losing, you can lose everything instantly.

A friend started with just $1,000 for food and managed to grow it to $100,000 in three months. It sounds unbelievable, but the method isn’t actually complicated: high leverage, profit reinvestment, and sticking to one direction.

I’ve also personally tried it. Starting with $300, each time I only used $10 to open a position with 100x leverage. Making just 1% profit doubles the position, and when there’s profit, I take half out and leave the other half in. Theoretically, it’s incredible—11 consecutive trades could turn $10 into $10,000.

But do you know why 90% of people end up dead here?

They can’t stop after making a profit, and when they see profits shrinking, they try to recover. When they lose, they refuse to admit defeat and keep adding positions to break even. The market swings wildly, shaking them out again and again. Their mindset completely collapses.

The reason I’ve survived until now is because of two iron rules:

First—cut losses immediately. After 20 consecutive losses, forcibly stop trading, no hesitation.

Second—once you reach your target amount (like $5,000), withdraw a portion immediately. Don’t let all your hard-earned profits stay exposed in the market.

I’ve also experienced those shining moments—turning $500 into $500,000 in three days. But what no one sees is that before that, I was completely out of the market for four months. The true essence of margin trading isn’t about daily operations or frequent trades. It’s about waiting for a clear, one-sided trend to appear, then using small profits to chase that final extreme gain.

So if you really ask me whether I can still play margin trading, you first need to honestly answer three questions:

Is the current market volatility enough? If the volatility isn’t big enough, slippage and fees will eat up your profits.

Is the trend sufficiently clear and one-sided? If it’s sideways or oscillating, margin trading is basically self-destructive.

Can you truly control greed—only take the fish meat, not the tail? That’s the hardest part.

If you can honestly say “yes” to all three questions, then you can cautiously try. But honestly, margin trading is essentially a high-pressure test of limits using rules and discipline. That’s not investing; that’s gambling. Just disciplined gambling.

When the market rebounds, I see many people sharpening their knives, eager to go all out. But those who really make money are often those with patience, resolve, and an understanding of stop-loss. Margin trading is risky, and the returns are indeed tempting. But don’t be fooled by a few success stories. Rules are more valuable than luck.