The recent experience with short-term accounts has been quite heartbreaking—yesterday I lost over 60,000 in one go, but as of now this month, I am still up more than 70,000. With the end of the month approaching, whether I end up with a profit or a loss will depend on the performance of the next few trading days.

I've been using a 5x leverage product on BTC. Honestly, the logic behind this thing is interesting. If you pick the right direction? It automatically increases your position by 5 times and rolls over, all automatically executed—you don't have to do anything. And there's a benefit—even if there's a 10% drop, it won't directly trigger a liquidation, which indeed reduces a lot of risk.

But the other side of this thing is brutal. Once your trend judgment is wrong, and the decline reaches 20%, your account is basically wiped out. Even more terrifying, the more it drops, the faster the rollover happens. This is an automated process, and there's no way to manually intervene.

In simple terms, the core of using such tools is one word—judgment. If the direction is correct, it accelerates automatic profits; if wrong, it becomes an automatic liquidation meat grinder. There's no room for luck.