#美SEC促进加密资产创新监管框架 A liquidation call at 3 a.m. is more effective than any textbook.

$BOB
I was jolted awake in the middle of the night by a barrage of urgent calls—it was a girl from Fujian who was into investing. The moment the video connected, I knew something had happened.

$ALCH
She looked like she’d just been pulled out of water, eyes swollen red, voice hoarse: “Teacher... 6,500 yuan, it’s gone...”

$B2
What happened was simple but deadly—she went all in on a short with 6x leverage, and the market suddenly spiked over 2% in the middle of the night, wiping out her account instantly.

“It happened in just over a hundred seconds. I watched the numbers drop to zero, my fingers couldn’t even react.”

When I opened her trading interface, I gasped: all 6,300U was in, stop-loss? Nonexistent.

This isn’t trading, it’s gambling with your life.

Too many people mistakenly believe that heavy positions can help them flip their fortunes quickly, not realizing they’re driving a car with no brakes—any bump in the road can send them crashing.

I’ve been liquidated before—the pain was so intense I couldn’t eat for three days straight.

After that, I set myself a hard rule: **the maximum loss per trade must never exceed 5% of total funds**.

This isn’t a suggestion, it’s a lifeline.

Only by controlling how much you bleed each time do you get the chance to wait for the next opportunity. Staying alive is more important than anything.

Want to survive long-term in this market? Remember this rule—position sizing and stop-losses, never skip either.