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Some time ago, I was playing the points race on the Opinion and Standx platforms, thinking it would be great to participate in community activities and earn holding points at the same time. Why not? So I opened a long position on BTC, planning to hold it long-term to accumulate points.
The result was outrageous. My computer suddenly broke down, I couldn't access the platform, and I couldn't manage my position in time. By the time I finally managed to open my wallet, I was devastated—my long position had been liquidated, and I lost $7,000.
The irony is, I only spent $7,000 to buy that computer. To put it another way, this liquidation was equivalent to losing the price of 7 computers all at once.
Thinking back now, the points race seems like a win-win situation, but in reality, the risks are hidden deep. Whether you're in it for the points or just trading for profit, any unexpected situation—network failures, device issues, trading delays—can turn even minor problems into disasters. Leverage trading is like that; there’s no cure for regret.
Here's a harsh lesson for everyone: always have an emergency plan when taking on leveraged positions. Don’t think that your skills can handle all situations. Sometimes, it’s not that you’re not strong enough, but that luck simply isn’t on your side.