This is what this platform will never tell you when it comes to futures trading... they make lots of money from your losses!

I've seen lots of people getting liquidated on this $BTC rally due to leveraging. I think people never take into consideration risk management or don't know how it actually works. For sure getting rich quick by leveraging is a probability, but it is more of luck in the 10x to 100x than in lower leverage positions.

Get rich quick in crypto is never talked about enough and many people fall for scams that imply that it's easy to make 1000% profit within a day!

As you see in the chart below a simple 10% move in either direction for longs or shorts at 10x gets you liquidated. This is considering you probably long or short your whole portfolio with leverage (which most people do).

If you want to long or short with high leverage, use 10% or less of your portfolio, try it out in Isolated mode with Stop Loss set, to minimize your risk. Hopefully your losses will teach you how to be a better trader.

I've been liquidated 3 times, I know better now! $PEPE $BONK