A Case of a Crypto Trader Who Got Ripped Off Repeatedly

Many people aren't really into investing—they're chasing the gambling-like rush of quick feedback, especially the adrenaline of leveraging up.

No surprise: they make a little money at first, then recklessly start using leverage. After getting liquidated a few times over several months, they've wiped out their gains and ended up with loan debt.

You need basic risk management—knowing how much you can actually afford to lose. After middle age, money is tight everywhere; you can't afford to play around.

The A-share market has daily price limits, prohibits margin trading, and doesn't allow leveraged positions—which is actually a real safeguard for most people.

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