Playing with leverage to go long on PEPE has been an exhilarating experience—these past two days have truly been a roller coaster.



Two days ago, I invested $10,000 of principal, went all-in with 10x leverage to aggressively long, and the market gave me an opportunity. My account skyrocketed to nearly $1 million. At this point, discussions in the crypto community were buzzing, and I felt like I was becoming a "legend."

But the turn of events came too quickly—market conditions didn't continue to favor me. A sharp correction exposed the true risks of leverage. When I checked my account this morning, I was shocked—within just a few hours, it had retraced 85%. The $1 million suddenly shrank to $150,000, and my account equity dropped to $173,000.

Here's the current position:

An ETH long position with 25x leverage, with a nominal value of $170 million, but an unrealized loss of $8,700, a 66% decline. This position is bleeding.

A PEPE long position with 10x leverage, with a nominal value of $130 million, currently with an unrealized profit of $62,000, a 47% increase. This is the only position still in positive territory and barely holding on.

This is a textbook example of leveraged trading—when prices rise, profits shoot up like a rocket; when they fall, it’s like sliding down a slide, with every correction cutting into your position. No matter how much you’ve earned before, a systemic market reversal can wipe it all out.

The deepest lesson I’ve learned is: leveraging to go long is indeed exciting, but the risks are enormous. Just one adverse market move can lead to a double loss—losing your principal and crushing your mental state. The importance of taking profits in stages cannot be overstated; waiting until the next time is a mistake.

To sum up, the old adage still holds: those who make quick gains often lose even faster. Being steady is the long-term strategy.
PEPE0.43%
ETH0.75%
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AirdropGrandpavip
· 9h ago
1,000,000 instantly gone, this is the true face of leverage. --- I'm stunned, watching the account fall from heaven to hell, experiencing what it means to go from sudden wealth to sudden poverty. --- Selling in batches to take profits sounds easy, but who would be willing to sell after actually making money? Greed kills. --- 25x ETH is still holding on stubbornly, how strong must this guy's mentality be? --- The thrill of making quick money, but I didn't expect to lose even faster... Now I just want to earn steadily and safely, no more of this. --- PEPE is still holding on there, just this one position is barely comforting, the rest are truly gone. --- Leverage is just a gambling machine, exciting when rising, but a full wipeout with a single correction.
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StableGeniusDegenvip
· 20h ago
1,000,000 instantly evaporated to 150,000, this is the true face of leverage. 25x ETH is still bleeding. Looking at this position, I feel bad for you... Don't delay taking profits.
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GmGnSleepervip
· 01-10 14:23
Damn, this 85% retracement is brutal. This is the true face of leverage. Half of the 1 million is gone in an instant. Luckily, PEPE is still holding on, or it would have completely exploded.
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CryptoGoldminevip
· 01-08 07:02
25x leverage ETH drops by 66% directly, which is a reverse hit under the network effect of computing power. However, since your PEPE is still in positive profit, it shows that your coin selection eye is decent, but there is a bit of an issue with the profit-to-position management ratio of computing power.
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GasOptimizervip
· 01-08 07:02
Damn, this is a real-life bloody lesson. Losing 1 million instantly is truly shocking. Leverage is a double-edged sword. When you make money, it's exhilarating; when you lose, you're done for—no middle ground. The 25x ETH position is still bleeding. How stressful must that be... Actually, I should have scaled out gradually earlier.
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DancingCandlesvip
· 01-08 07:01
1 million instantly becomes 150,000, this is the true face of leverage. No wonder some say it is the devil. 25x ETH is still bleeding, how strong must one's heart be... I have to admit, I am a bit impressed. The unrealized profit in the PEPE position indicates some luck, but at this point, it's really time to consider running away. Everyone who has experienced the thrill knows the cost. Next time, they'll make the same mistake—this is the circle we're in. Playing with 25x leverage is real; where is risk management? This is textbook-level anti-model. Where are the promised partial take profits? Looks like all talk after the fact. How strong must this account's mentality be? I broke my own mentality a long time ago.
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BackrowObservervip
· 01-08 06:58
Wow, the speed of this correction is really incredible, 1,000,000 seconds turning into 150,000 haha 25x ETH is about to be liquidated, PEPE can still hold on this long, really lucky Leverage is just poison, enjoy it for a moment and regret it for a lifetime I'd better stick to honest trading, this mental pressure is really unbearable
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CryptoSurvivorvip
· 01-08 06:51
Damn, this leverage is really playing with fire... From 1 million directly down to 150,000, how strong must your mentality be to survive? PEPE is still in positive gains, so just secretly enjoy it. ETH's 25x should have been sold long ago.
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DegenWhisperervip
· 01-08 06:46
Damn, this wave dropped directly from 1 million to 150,000. This is the true face of leverage. Really, you need to have a strong mentality to watch your account plummet like that. I truly respect it. 25x leverage ETH is still holding on, how much mental preparation does that require? But speaking of which, taking profits is easier said than done. PEPE is still in positive gains, which feels a bit redeeming, but it could turn sour at any moment. After this round, I've paid enough tuition. Next time, I really need to exit in batches.
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