Yes, he lost everything overnight because of high leverage and making wrong bets.
When he made three million, he had talked about marriage with his girlfriend. When she heard about his bankruptcy and zero balance, she resolutely broke up with him.
During that time, he was very depressed, lost love and wealth.
But deep down, he refused to give up. Thinking of his old parents in the rural hometown, about their hard work and sweat under the scorching sun, about the deep wrinkles on their faces, he went crazy. He wanted to become rich and give his parents a better life.
Then, in the 2020-2021 stock market, my senior suddenly called me and said he wanted to treat us to dinner because he had become a millionaire with a nine-figure income.
When we met him, he excitedly shared his story and experience of how he became rich. In his rented room, he diligently studied technical analysis, and finally one night, after reading wave theory and volume-price analysis for the 83rd time, he had an epiphany. From then on, he could not be stopped. He said that one should trade futures, use high leverage, and invest in those popular meme coins, because that was the way to catch the uptrend; the higher the enthusiasm, the higher the heat, and the greater the value of the meme. Spot trading with thousands or even tens of thousands of times was no problem, let alone futures trading with high leverage! He even showed us his account, and indeed, there were tens of millions of USDT in it. We were really envious and hoped that the great man would take us.
