Leverage Trading Gone Wrong: How One Trader Lost $16 Million in 2 Days

Meet Ben, a 22-year-old who entered crypto with high hopes. After losing his job in 2020, he turned to 10x leverage trading, controlling $50,000 with just $5,000. But in just 48 hours, the market turned, wiping out his entire investment. By August 2020, he had lost everything, missing out on the bull run that followed.

Key Takeaway.Leverage can amplify gains, but it can also lead to devastating losses. Trade wisely, and always prioritize risk management.

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