A single trade on the DASH perpetual contract taught me a profound lesson. Using 20x leverage to short at an entry price of 93.05, I watched the price slightly rebound to 93.14, resulting in an unrealized loss of 1.93%. While this loss may seem small, in a high leverage environment, it becomes alarmingly significant.
This experience reaffirmed a harsh reality: leverage is a double-edged sword. It can multiply your profits, but it can also ruthlessly amplify your losses. Small price fluctuations might be negligible under low leverage, but under 20x leverage, they can cause losses beyond expectations.
After reflection, I realized that the key issue isn't predicting the right direction, but having a healthy respect for risk. The clear path forward is to establish stricter stop-loss rules to prevent small fluctuations from taking advantage. After all, surviving in trading is the top priority; profits come after ensuring survival.
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CompoundPersonality
· 10h ago
Playing with 20x leverage and this is the result—brutal lessons learned.
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Another story of being crushed by leverage, haha.
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Stop-loss rules must be executed with iron discipline, or you're just giving away money.
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Even if the direction is right, it’s useless; surviving is the real key.
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This time I’ve realized that small fluctuations under 20x are like the Grim Reaper knocking on the door.
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Leverage is just an amplifier of desire; a moment of greed and your account is gone.
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A 9-point rebound and you're done? 20x leverage is truly deadly.
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Ultimately, you must respect the market; leverage is never a life-saving straw.
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Survive > Get rich overnight—remember this order.
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Shorts bounce back 2 points and it's GG? Indeed, risk management needs to be re-evaluated.
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UnruggableChad
· 10h ago
Playing with 20x leverage is like this; a 0.09 fluctuation can wipe you out instantly. It's so thrilling.
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ColdWalletGuardian
· 10h ago
20x leverage is playing with fire. I just don't understand why it has to be so crazy.
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That's right, only by staying alive can you keep earning. If you're dead, everything is pointless.
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That's why I only use 3x leverage. My mindset is much more stable.
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Stop-loss is really the hardest thing to execute in trading...
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A coin worth $93 can be 20x leveraged. Truly daring to think and do.
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A rebound of 0.09 points can result in nearly 2% loss. That's the terrifying part of leverage.
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It seems like a simple principle, but when actually trading, I completely forget it later.
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Next time, remember, brother: small fluctuations are not your friends.
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MidnightGenesis
· 10h ago
On-chain data shows that 20x leverage is like playing Russian roulette with the liquidation mechanism... From the contract code, the volatility tolerance has long been hardcoded.
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FomoAnxiety
· 10h ago
Playing DASH with 20x leverage, this is just outrageous... I get cold sweats just watching you
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Stop-loss really needs to be set tight, or small fluctuations will directly blow up the account
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That's why I never touch high leverage again, it's exhausting
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From 93.05 to 93.14, almost 2% floating loss? Leverage is really the devil
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Living is more important than making money, there's nothing wrong with that
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You should have understood long ago, even the right direction can't save you, stop-loss is the key
A single trade on the DASH perpetual contract taught me a profound lesson. Using 20x leverage to short at an entry price of 93.05, I watched the price slightly rebound to 93.14, resulting in an unrealized loss of 1.93%. While this loss may seem small, in a high leverage environment, it becomes alarmingly significant.
This experience reaffirmed a harsh reality: leverage is a double-edged sword. It can multiply your profits, but it can also ruthlessly amplify your losses. Small price fluctuations might be negligible under low leverage, but under 20x leverage, they can cause losses beyond expectations.
After reflection, I realized that the key issue isn't predicting the right direction, but having a healthy respect for risk. The clear path forward is to establish stricter stop-loss rules to prevent small fluctuations from taking advantage. After all, surviving in trading is the top priority; profits come after ensuring survival.