Many people share the same initial motivation for entering the crypto market—after hitting walls with traditional channels, they place their hopes on this emerging field. I am no exception.

In 2018, during that period, I made around 20,000 yuan through a few short-term trades with EOS. The feeling of quick profit made it hard not to get addicted. Greed followed, and I started to trade with leverage, imagining myself soaring to success overnight. The turning point came on March 12, 2020, which completely changed my perception of the market—15,000 yuan principal, five times leverage, and after a sharp crash, my account was left with less than 8,000.

That night of liquidation, I truly experienced what the market's ruthlessness means. The most ironic part is, three days later, I secretly reinstalled the trading software. The desire for quick wealth was stronger than the fear of rationality.

Looking back now, this painful experience taught me the most important lesson—leverage is not a shortcut to wealth, but an amplifier of risk. In the crypto market, psychological game and technical analysis are equally important. Behind those seemingly simple profit mechanisms, countless people have learned their blood lessons. The market will show you in the most direct way: there is no free lunch, only the inevitable cost of tuition.