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What are traders most afraid of?
Losing money? That's just tuition, a ticket every trader has to pay to enter the game. When it comes to real nightmares, it's not so much about account shrinkage as it is: you clearly did all your homework right. Accurate market direction judgment, meticulous trading plans, tight risk hedging—all of it, and then suddenly, the exchange just vanishes into thin air.
Years of hard work, turned into that ruthless 404 page on the website overnight. Your money, your dreams, all the sacrifices you've made—become a joke in front of that error page.
The lesson from FTX is right in front of us—sometimes, what destroys traders is never the market itself, but the platform that hosts their trades.