It's so easy to explode five times like this!

Last November, a friend played with contracts, starting with a principal of 500,000 and leveraged 5 times. The account peaked at 4.3 million. After deducting fees and hedging some with spot trading, the total return was a whopping 851%. If it were you at that moment, what would you have done? Most people would have called it quits long before, but he didn't. According to his wife, there was a small dip in between, and he didn't stop loss; later, it rebounded. At that time, the contract account's profit had exceeded 900%. There were too many short positions, so he didn't pay attention. Later, when it dipped a bit, he still didn’t choose to stop loss. His wife said when it hit 430, he trembled a bit as he called her to inform her of the situation, remaining calm and fixated on the screen. Because with contracts, he had previously made nearly 3 million at the peak, only to lose it gradually later. Having weathered many storms, he remained calm in such situations. He firmly believed it would reach 500, wanting to wait until it surpassed 500 before quitting. But then... without hedging the contract positions, a needle fell mercilessly... The account instantly dropped to just over 80, almost 90, and closing positions was clearly too late... The outcome is something everyone should know, bomb... All that was left was him holding his head with both hands, silent for two minutes. His wife sensed something was wrong and was about to ask him what happened when he rushed to the windowsill and jumped... Luckily, they lived on the third floor, so he survived. But his legs were forever ruined.