Let me share a hard-learned lesson. During the May 19, 2021 crash, I actually made money—tens of millions in hand. But when BTC made that false breakout from 29,000 up to 40,000 in late June, I got completely liquidated.

Even after getting liquidated, there was still a chance to recover—I still had tens of millions left. I could have taken it easy, stayed on the sidelines, or waited for the right opportunity to re-enter. But my family took the money away, saying they were afraid I’d gamble it away again. With no money, I started borrowing, and the hole just kept getting bigger.

Looking back now, the real problem wasn’t the liquidation itself, but what I did afterward. Leverage is dangerous—once you start borrowing to survive, you’re basically trapped in a death spiral. If I had stayed calm and not rushed to win it back, things would have turned out completely differently.

For those trading with leverage, remember: you can always start over if you lose your principal, but once you borrow money to get back in, there’s really no way out.