You've probably heard the phrase before entering a contract—"Leverage to the max, villa by the sea."

But once you actually get in, you realize that what gets amplified is never the profit, but the risk.

Leverage is like a megaphone. When you make a little profit, it blows it up loudly; if you're wrong on the direction, it directly maximizes your losses, leaving no room for escape.

Even more brutal is frequent trading.

You think you're catching every opportunity, but in reality, the transaction fees are like dull knives, cutting bit by bit. At first, you don't feel it; gradually, you start to feel the pain. Unknowingly, your principal is eroded until only a shell remains.

The scariest part is mathematics. This isn't a technical issue; it's a matter of probability.

Losing 50%? You need to double your capital to recover. Losing 70%? You need to triple it. The most despairing is when your account drops to 10%, and to get back to the original point, you need to multiply nine times—that's practically an impossible task.

But the problem is most people just won't accept it. After losing, they keep adding leverage; when they fall, they top up their positions, always thinking "this one trade will turn it around." The result? Not a reversal of fate, but losing even the last chips.

This is how the crypto market is—risk and temptation coexist. Staying sober is more valuable than being smart.