---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43105482.md"
description: "In extreme market conditions, leverage is an accelerator of value destruction."
datetime: "2026-07-31T03:41:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43105482.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43105482.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43105482.md)
author: "[京城Z先生](https://longbridge.com/en/profiles/9198235.md)"
---

# In extreme market conditions, leverage is an accel…


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## Comments (41)

- **新用戶_Jga5OB · 2026-07-31T10:55:14.000Z**: Is Micron's move by Mr. Z from Beijing a rebound or a reversal?
  - **京城Z先生** (2026-07-31T12:24:47.000Z): More people believe in the rebound
- **飞行的兔子 · 2026-07-31T05:43:10.000Z**: Back to square one. Even with such low leverage, a portion was still forcibly liquidated, but I haven't left the table yet.
  - **京城Z先生** (2026-07-31T06:02:11.000Z): As long as you haven't left the table, there's still a chance!
- **海龍王彼得 · 2026-07-31T04:51:35.000Z**: Did Boss Z know Leopold before this year? If not, Boss Z is too 🐂🍺. I noticed earlier that many of Boss Z's holdings are very similar to his 🤪
  - **京城Z先生** (2026-07-31T04:58:16.000Z): I don't recognize him; it seems he was only widely reported by the media in May or June.
- **vaaanlan · 2026-07-31T04:30:35.000Z**: After ten years, how many people can beat the S&P 500? 😹
  - **京城Z先生** (2026-07-31T04:42:02.000Z): If you can't beat them, join them 😄
- **福迎复利 · 2026-07-31T04:28:10.000Z**: I am leopold himself, a scriptLucky I didn't get margin called 😂😂😂
  - **京城Z先生** (2026-07-31T04:30:58.000Z): This person holds many stocks that overlap with my positions. Although the profits were substantial earlier, they have now been cut in half. If he had even a 2x leverage, he would have been completely
  - **福迎复利** (2026-07-31T04:32:56.000Z): I also.. just made over 400 in April-May.The profit retraced significantly, and I couldn't stand it anymore, so I removed the leverage.Otherwise, I would have really been done for.You only understand 
- **Blessing · 2026-07-31T04:06:15.000Z**: Just a question: is it really best for ordinary people to simply stick to broad-based index funds? Or should they first get their systematic approach running, and then allocate a small position to individual stocks? Even the 'gods' of investing have seen their portfolios halve more than once, yet th
  - **京城Z先生** (2026-07-31T04:26:30.000Z): Buy companies you genuinely like and are cheap. If there aren't any, you might as well buy an index fund.
  - **作手叶真** (2026-07-31T05:02:50.000Z): For example, ordinary investors should allocate less than 5% of their portfolio to attempt achieving stable compound returns, while the remaining 95% should be invested in indices like the Nasdaq. Thi
  - **Blessing** (2026-07-31T05:06:31.000Z): Learned something new, thanks
- **十斤吊龙 · 2026-07-31T04:03:25.000Z**: Is a margin call not also an art form?
- **亿万不是梦 · 2026-07-31T03:59:44.000Z**: Played like a puppet, dizzy and disoriented, with no sense of direction
- **——- · 2026-07-31T03:52:18.000Z**: In extreme market conditions, even without leverage it's uncomfortable; using leverage is just asking for trouble.
- **😂 😜 😝 😳 · 2026-07-31T03:51:29.000Z · 👍 7**: In my eyes, there is only one type of stock god: those who can generate stable returns year after year and stay at the table. Otherwise, no matter how high the returns, I won't recognize them.
  - **Lucky2026** (2026-07-31T03:57:28.000Z): So it's the index, right? Often during big rallies, it tests human nature; people can't resist the temptation.
  - **福迎复利** (2026-07-31T04:29:04.000Z): Buffett
- **😂 😜 😝 😳 · 2026-07-31T03:50:30.000Z · 👍 1**: If he had listened to Buffett and Munger, he wouldn't be in such a dire situation.
  - **京城Z先生** (2026-07-31T03:53:39.000Z): Munger also leveraged up in his final dance. He went all-in on Alibaba but never broke even. Even giants make mistakes, they just don't suffer fatal damage.
  - **😂 😜 😝 😳** (2026-07-31T04:01:21.000Z): Harming others is ultimately hard to control; self-cultivation has no end.
- **新用户_s · 2026-07-31T03:50:28.000Z**: Outlast the opposing orders and see who holds more chips...
- **不要芥末味 · 2026-07-31T03:49:05.000Z · 👍 4**: Another proof that even geniuses can't predict the short-term market, so control your position size and honestly hold the underlying stocks.
  - **京城Z先生** (2026-07-31T03:52:20.000Z): Mainly, the short-term market trend this time was too extreme; even the tariff war and US-Iran conflict didn't stir up that much commotion 😆
  - **冷静沉着** (2026-07-31T04:22:48.000Z): It's too extreme, I really experienced two halving events in one year
- **纳斯达克小作手进行录 · 2026-07-31T03:47:56.000Z · 👍 4**: Indeed, Leopold has fallen from being an AI stock god to becoming one of the casualties of this epic market rebound. If he hadn't been liquidated, the rebound likely wouldn't have been so fierce.
  - **亿万不是梦** (2026-07-31T04:01:47.000Z): Rumor has it's 40 billion with 3x leverage, truly bold for someone with such high skills.
- **海力士受害者 · 2026-07-31T03:47:54.000Z · 👍 10**: The big fish eat the small fish, and the small fish eat the retail investors. From silver to storage, I've realized that no stock should be held for the long term. Don't lever up; sometimes staying out of the market is also an opportunity.
  - **serenity!** (2026-07-31T03:49:24.000Z): Your understanding is still insufficient. Holding for the long term is fine, but you weren't there during the big drop, and you definitely wouldn't be on board during a surge.
  - **京城Z先生** (2026-07-31T03:49:28.000Z): Yes, the whole world has been 疯狂 encouraging leverage over the past two years, and the frequency of extreme volatility is increasing.
  - **——-** (2026-07-31T03:53:02.000Z): Leverage is for experts (experts die from leverage)
- **股市菜鸡 · 2026-07-31T03:47:12.000Z**: Take profits on leverage when things look good; don't be greedy.
- **我爱炒稀饭 · 2026-07-31T03:44:50.000Z · 👍 4**: Who can say that a margin call isn't art? 🎨😮‍💨