How Leverage Can Turn Wins Into Wipeouts

In 2025, Cointelegraph reported a crypto trader who ran an account up to nine figures — then vaporized it when the market turned.

Why did it happen?

He kept increasing leverage and size after each win, assuming the trend would continue. When volatility shifted, margin calls cascaded, and the gains disappeared almost overnight.

It wasn’t the market that failed him. It was his lack of a method, overconfidence and no risk discipline.

The Wave Principle offers a structured framework for making market decisions.

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