Leverage is often easily demonized. Whenever it's mentioned, many people's minds immediately jump to two words: danger. But honestly, leverage itself is not inherently evil; the ones who often get wrecked are the operators.

When the market is trending upward, you can feel the power of leverage. In a market where spot prices only rise a few percentage points, using leverage can maximize efficiency instantly. This is not luck; it's mathematics. The problem is that most people only focus on the amplified gains, completely ignoring whether they can withstand the amplified risks.

**Why do liquidations happen?**

It's not because of high multiples, but because of reckless operation. No stop-loss, throwing more money in after losses, reckless trading when emotions run high—being diligent is real, but so is honesty in account performance. I've seen this too many times. Talking about being cautious, stop-losses are always just a formality; eager to turn things around, but their mindset is more volatile than the market itself. This is not trading; this is gambling.

High leverage isn't forbidden, but there's a prerequisite: your discipline must keep up. Make your move only after clearly understanding the direction. Don't hesitate; when it's time to stop-loss, be ruthless. If you do these, leverage becomes an accelerator, capable of amplifying your advantages infinitely; if not, it turns into a magnifying glass—only enlarging your mistakes over and over.

You can think of leverage as a mirror. Those with a complete trading system can survive well even with 10x leverage; those without a system find 3x too high. So there's no need to panic at the mention of leverage, nor to go all out in excitement. The real key is: you must understand the trading framework, control your mindset, and only then can you talk about efficiency.

When the market moves, traders with a strong sense of rhythm will respond immediately. To truly seize opportunities instead of being led by the market, you still need to keep pace yourself.