A few days ago, CTK was too crazy. It doubled in just 20 minutes. A colleague followed suit and bought in at 1.2u, with 5x leverage, and bought 10,000 yuan. He thought it was too easy to make money. The highest price was 1.7u. He made 25,000 yuan from 10,000 yuan in a few minutes. It was so cool. Later, the price of the currency fell, and I wanted to sell it. I hesitated for a while, but the price of the currency went up again, to 1.6u, haha. This roller coaster is so exciting. I made money, made money, and waited for a callback to add more, and made a big bet, printing money at a speed, and then bought 30,000 yuan with 5x leverage at 1.5 yuan, thinking that I would become rich overnight. I ordered a bunch of snacks on my mobile phone to celebrate, but I didn’t eat the snacks later, and my position was liquidated. Hahaha. . . .
Another colleague, when he saw him making money, thought about shorting, but found that there was no contract, and there was no way to open a leveraged loan. He reminded him to sell quickly. Maybe he thought it would rebound, and the dealer was too strong, so he still had ideas; or maybe he wanted to take a gamble, and he was not afraid of falling in the bull market, so he refused to believe in it and held on.
This incident reminds us that although leverage can magnify profits, it can also magnify losses. Investment decisions should be based on sufficient market analysis and risk management, rather than momentary impulse or greed. At the same time, investors should be prepared to face market uncertainties and take appropriate measures to protect their investments.
