I guess I understand why so many people are losing money in traditional finance with crude oil.

I transferred $2,000 in, thinking of trying it out.
Just opened a few positions when it suddenly skyrocketed.
Ended up adding a few more.
But upon closer inspection, each position is worth over 80,000.
Initially, I should have opened 3 positions, even when the margin wasn't fully utilized.
That’s equivalent to over 100x leverage, and the problem is, I still haven't used up the margin.
A newbie opening a position like this would be instantly wiped out...