Why can some people trade with 100x leverage for half a year without getting liquidated, while others with 5x are gone in three days?

Many people's first reaction is that it's about luck, but after doing it for a while, you'll find it's actually not that related to luck.
Whether you get liquidated or not is already half decided the moment you place the order. What really makes the difference is not the amount of leverage, but how you manage your position.
100x sounds scary, but it's actually not that terrifying. If you only use 100U to test the trade, even if you're wrong, you only lose 100U. You're still in the game, and you can continue playing later$BTC
The problem often lies in another situation: you clearly have thousands or even tens of thousands of U in hand, but you open 10x or even higher, and you go heavy. It seems like the leverage isn't high, but in reality, your risk resistance is very poor. As soon as the market fluctuates slightly, you get taken out directly.
So the real risk of futures trading is never the leverage itself, but the combination of heavy positions, high leverage, and no stop-loss.
Another fatal habit is not exiting when you're down a little, always thinking you can come back. The result is that small losses drag into big losses, and big losses drag into liquidation.
The most expensive thing in the market is not losing money, but dragging it out.
The rule I set for myself now is very simple: lose at most 2% per trade, and once it's hit, I'm out. No explanations, no hesitation. It's okay to admit you're wrong, but you can't let your account get wiped out.
Take profit is the same: I don't try to eat the last bite. After gaining 20%, I cut half first; at 50%, I cut another half. For the rest, I use a trailing stop to follow the trend. I don't try to guess the top, and I don't gamble on the last leg#gStocks代币化股票上线
After doing it for a while, you'll understand one thing: knowing how to buy is just entry, but knowing how to sell is a skill.
At the end of the day, trading isn't about courage, but about execution.
The market is always there, but only those who can survive to the next round have a chance to get the money from that round.