What a huge drop, the bull market collapsed after a 10x profit.

In November 2022, Brother Kai played with contracts, starting with a capital of 500,000 and going long at 10x leverage. The account peaked at 4.3 million, and after deducting fees and the portion hedged with spot trading, there was an impressive 851% profit.

At this point, if it were you, what would you do? Most people would have already cashed out, but he didn't. His wife mentioned that there was a small dip in between, but he didn't cut his losses, and then it rebounded. By that time, the contract account's profit had exceeded 900%. It seems there were too many short positions, so he didn’t pay much attention. Later, when it dipped slightly, he still didn’t choose to stop loss. When his wife mentioned it was down to 430, he called out to her with a slightly trembling voice to tell her about the situation, not particularly excited, then he just stared at the screen, slowly and incredibly calm. Because with contracts, he previously made almost 3 million during the peak, and then gradually lost it all. Having experienced great ups and downs, he remained incredibly calm in such situations.

He confidently believed it would reach 500, wanting to wait until it passed 500 before cashing out. However, without hedging the contract position, a sudden spike came mercilessly. The account instantly dropped to just over 80, almost 90, and closing the position was clearly too late... The ending is something everyone probably knows, bomb...

What remained was him holding his head in despair for two minutes. His wife vaguely sensed something was wrong and was about to ask him what was going on when he rushed to the windowsill and jumped down. Fortunately, they lived on the third floor, so he survived.

But his leg was permanently damaged.

The story ends here, and this is a true submission from a fan!

A pullback in a bull market is a very normal phenomenon; it can't keep rising indefinitely. Having a good short-term and long-term strategy is what allows the survivors to become kings!

Professional matters still need professional people. If the current market has you confused, old buddies, "Follow + Like" and leave a comment with 888 in the comment section; discussions are welcome!