u/space_mania

Brokers offering 5x leverage for 10% interest cost.

Think about it. Market is down 15% from peak. So a 15% drop is a 75% loss for you if you entered there on max leverage (which most ppl tend to do).

On top of that running cost of interest burning a hole in your pocket.

Add on to that the nonsensical habit of 'buying the dip' to justify the first buy, instead of booking loss and sitting out.

A little more fall and liquidations cascade. I pray for those who are in this.