But the one that caught my attention the most is when an exchange users wrote a poetic statement about the bad side of trading but ye, from the screenshot he shared he shown an x25 position which to me and every other crypto traders is never going to work.
Here is one tip that most of trader didn't share.
25x can work, even 100x can work if you only use small margin and have balance remaining to mantain the position loss on cross account futures trading.
When people use 25x or even 100x they trade based on resistance and support, and they just trying to profit from the price bounce. To avoid getting liquidated, they most likely use 2% of their balance and the rest idle just in case the price going the opposite direction, so they can tolerate unrealized PnL loss. They don't open trade and wait for the price to go up or go down, they just taking advantage of the price where there is large trigger order, limit order, and so on that can causes the price to bounce and even if the price bounced a little bit, you're already getting big profit since you have 25x of normal profit. Thats all about it.
In any case outside of that 25x leverage won't work out since market always go up and down. The key is taking advantage of the market based on support and resistance on price action.