#ETH走势分析 Do you really think leverage is the real killer? Wrong, it's position management.

At 3 a.m., I got a message: a trader in Fujian wiped out a 6,000 yuan account in one go. How did it happen? He went all-in with 5,800 yuan, full leverage, no stop-loss. This isn't about luck; he sentenced himself the moment he placed the order.

Let's do the math—how do you play 5x leverage with an 800 yuan account?
If you put in 750 yuan to open a position, a 6% move against you and you're done.
But if you only put in 75 yuan with the same leverage, it would take an 86.7% adverse move to hurt your principal.
See? Same leverage, but your risk tolerance can differ by more than 12 times. That guy in Fujian put in 96.7% of his money—on 5x leverage, just a normal 3% fluctuation wiped him out. That’s not trading, that’s Russian roulette.

A lot of people get one thing wrong: high leverage doesn’t equal high risk; out-of-control position sizing is the real ticking time bomb. Contract trading is essentially a probability game. Your goal isn’t to get every direction right, but to make sure you survive when you get it wrong.

Three numbers—remember these and you’ll be fine:

Never put more than 7% of your total capital into a single trade. For a 6,000 yuan account, the max per trade is 420. Even if that one blows up, you still have 93% of your funds left and can keep trading.

Limit single-trade losses to within 1.1%. For a 420 yuan position with 5x leverage, set a 1% stop-loss; if you lose 8.4 yuan, get out. Setting a stop-loss isn’t chickening out—it’s leaving yourself an escape route.

If you don’t understand the market, don’t touch it. The daily chart hasn’t broken out? Volume and price action don’t match? Then wait. The money you lose getting slapped around in a choppy market is enough to make you miss ten good opportunities.

I know a friend in Shenzhen who used to blow up his account every month. Later, he strictly stuck to these rules and grew from 3,200 to 55,000 in four months. He said something real: “I used to think going all-in was seizing opportunities. Now I know, surviving is the only way to get opportunities.”

There’s never a shortage of overnight riches in crypto, but there are even more accounts that quietly go to zero. The ones who make money long-term aren’t the boldest—they’re the ones who know how to control risk. Remember: don’t aim for a quick comeback in one trade. Focus on not losing it all in one shot. Slow and steady wins the race—only then will your account keep growing.