Recently reflected on some of my trading decisions and want to discuss the pitfalls of high leverage.

Previously, I played with altcoins in crypto assets, directly increasing leverage to 50x. Later, due to a mistake in operation, a single altcoin contract exploded at 150x leverage. From that moment, my mindset shattered. Originally, the account was up $1,000, but I was forced to lose down to -$4,000.

After being emotionally hijacked by losses, I fell into a vicious cycle—thinking about quickly recovering, I frequently chased highs and sold lows. When opportunities came, I couldn't hold onto my positions; when no opportunities appeared, I still forced trades. Continuously depositing $1,000 again and again, just like a gambler. Either chasing rallies and selling dips or stubbornly trading in sideways ranges, with no plan whatsoever.

This time, I need to completely adjust my strategy. Instead of being carried away by market sentiment, it's better to stay flat and wait. Only intervene when real opportunities arise; if there are none, do nothing. Honestly, not losing money is equivalent to making money—this realization hadn't fully sunk in before.