When the Iran war broke out, friends trading crude oil futures experienced a rollercoaster in the past few days—feeling like heaven and hell, on the verge of death, with both longs and shorts getting wiped out—no one was spared!!!

Especially on March 9th, the day before yesterday, when news of the Strait of Hormuz being blocked triggered a surge, WTI crude oil futures gapped higher and kept rising, from 91 to 119, a 30% spike, meaning all short positions were liquidated.
That day, when prices hit 119, many were frantically going long, but Reliable said the war would end and the G7 planned to release 300-400 million barrels of oil, instantly pushing WTI crude oil futures down to 80. From the peak, it plummeted by as much as 32%, taking all longs out.
That day, the longs were laughing, the shorts crying; after the shorts were wiped out, the longs cried, and new shorts laughed; the K-line kept bouncing up and down, longs and shorts tormenting each other to the point of death—rolling on the floor in tears!!!
Futures are high-leverage trading, usually with 10x leverage, which means that a 10% surge will wipe out shorts; a 10% drop will liquidate longs.
The only ones truly making money are those who went long at the start of the war. Holding with low leverage, they’ve already made a killing.
This shows one thing: the ones making money are the first to take the risk; later traders, whether going long or short, will all be wrong.
And more importantly: ordinary people, do not add leverage, do not add leverage, absolutely do not add leverage!!!#原油价格回落