Why is it that even when you get the direction right, you still end up losing money? Because: getting the direction right doesn’t mean you got the path right. BTC goes from 100k to 150k. You predicted it correctly. But you opened a 20x long position. BTC dropped 15% first. You got liquidated. Later, BTC really did go up to 150k. But you still lost money. So trading isn’t just about: “Did I get the direction right?” It’s about four questions: direction, timing, volatility, and position sizing. Getting even one of these wrong can lead to losses. Especially leverage. Its biggest danger isn’t just amplifying losses. It’s this: shortening the time you have to make mistakes. Spot trading might let you be wrong for six months. Leverage might only give you 10 minutes. So truly mature traders... Ask less: “How much can this go up?” And start asking: “If I’m wrong, how much time will the market give me to fix it?” This question. Is far more useful than predicting prices.