#美国贸易赤字扩大 When it comes to leverage, many people's first reaction is margin calls and bankruptcy.

But let's be honest — leverage itself isn't the problem; it's usually the trader’s operation that causes the crash.

When the market is favorable, a few points increase in spot prices, doubling the leverage, and the profits shoot straight up. It’s not luck; it’s pure mathematical logic. The problem lies here: everyone is focused on amplified profits but hasn't considered how much loss they can withstand.

Why do margin calls happen so frequently? It's not because the leverage is set too high; the root cause is reckless trading.

Not setting stop-losses, buying more as prices fall, making impulsive moves — all these activities reflect the reality of the account more honestly than words. I've seen too many cases like this: claiming to be cautious, never placing a stop-loss order; obsessively trying to turn things around, but their mindset is more volatile than the K-line chart. This isn’t trading; it’s gambling.

High leverage isn’t inherently off-limits, but you must have a bottom-line awareness: think clearly about the direction, make decisions without hesitation, and don’t be soft-handed when facing losses.

If you can stick to this discipline, leverage becomes your accelerator; otherwise, it turns into a magnifying glass — amplifying your mistakes infinitely.

Leverage is like a mirror. Those with a trading system can survive even with 10x leverage; those without a system feel overwhelmed even at 3x.

So, don’t reflexively fear leverage when you hear about it, and don’t go all-in when you're excited. True efficiency comes from understanding the structure, maintaining a steady mindset, and sticking to discipline. $ZEC$’s trend also requires this kind of thinking to master.