2025-12-24 18:24:05

Leverage is like a sword. If you hold it properly, it can pave the way for you; if you hold it wrong, it can cut you down.

I entered the contract market three years ago. At that time, I had 8,000 yuan in my pocket, thinking I had discovered some kind of wealth code. But what happened? After three days, my account was down to two digits. Over the next six months, I was liquidated a total of 30 times. The worst moment was when I only had enough money left to buy a bowl of instant noodles to get by.

A few days ago, a friend named Awei came to me and said he wanted to make a big move in contracts with 5,000 yuan. I had a bad premonition at that moment. Sure enough, 72 hours later, he came to me crying, saying he might not be cut out for this. Seeing his disappointed look, I remembered my own past.

Today, I don’t want to talk about any money-making secrets. I just want to honestly share the lessons I’ve learned from losing over the years.

**1. Your understanding of contracts might be completely wrong**

Many people think that contract trading is just guessing whether prices will go up or down—win if you guess right, lose if you guess wrong. But in reality, it’s a game of probability that requires a methodology, not luck.

The biggest pitfall is leverage. Newcomers all want to use high leverage to turn things around quickly, not realizing that a 10x leverage means that a 10% price move in the opposite direction can wipe out your account directly. Going higher? The results will only be worse.

There’s also an invisible factor that can eat away at your principal—fees, spreads, and funding rates. I’ve calculated that if you trade frequently every day, just the fees can consume over 30% of your principal in a year. This explains why some people, even when they see the market correctly, still end up losing money in the end.

**2. Why do most people get stuck in the same place**

The common problem among beginners is a lack of respect for risk. When they see a certain coin’s price rise, they get impulsive and go all-in, often adding leverage. When the market reverses, they suddenly realize how serious the problem is—but by then, it’s already too late.

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faded_wojak.eth

· 2h ago

Getting liquidated 30 times really hurt me, that's just my daily routine. 10x leverage turnaround? Dream on, I've been wiped out by fees long ago. Awei's story is exactly my story from last year; I woke up too late. Contracts are not about guessing up or down; they're just giving money to the exchange. Everyone talks about methodology, but if anyone truly made money, they wouldn't be posting articles here.

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SchrodingersFOMO

· 2h ago

Honestly, when I see Ah Wei's experience, I think of myself. Truly, it's heartbreaking. 10x leverage with a 10% fluctuation will wipe you out. That's no joke; I died that way. 30% trading fees? Damn, that's the real hidden killer; no one thought of that. Going all-in with leverage, I've seen too many people play like that, and none of them made it out alive haha. It's really greed that kills people, insisting on betting on that big market move. You should have learned well from the start; don't treat real money as a teaching tool. Trading without respect will eventually lead to debt repayment.

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BloodInStreets

· 2h ago

30 liquidation events... Haha, I’m very familiar with this number --- Fee takes 30%? Really? I feel like it’s even more --- Even when the market is right, you still lose money; this is the real truth of contracts --- Invest 5000 bucks for a big fight, 90% chance this will be the outcome --- Leverage is a gambler’s accelerator, unavoidable --- So there’s really no secret to wealth, only the secret to zeroing out --- There are too many people like Ah Wei; the market survives because of them --- High leverage = dancing on the edge of a cliff, sooner or later one step will slip --- Frequent operations are just actively giving money to the exchange, nothing else --- A sword that can’t be held will eventually be stabbed into your own chest

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CountdownToBroke

· 2h ago

This is the reality. Only after 30 liquidation events do you understand, and newcomers have to lose money themselves to believe it. That buddy Ah Wei has to suffer this loss to learn his lesson, there's no other way. Losing 30% of the fees is really harsh. I didn't calculate that before, but now that I think about it, it's indeed outrageous. Going all-in with leverage is just asking for death. Even if you catch the right trend, you can still get wiped out. That's the devil of derivatives. Leverage is truly a double-edged sword. If you can't control it, you're done. Many people simply don't have the discipline for it.

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AlwaysQuestioning

· 2h ago

30 Liquidation Brothers, your experience makes my scalp tingle. It's truly a lesson learned with blood and tears. --- I need to remember that the trading fee eats up 30%. I never really calculated this before. --- There are many people like Ah Wei. Wanting to turn around with 5000 yuan in contracts, that mindset is doomed to fail. --- The example of 10x leverage liquidation was too heartbreaking. It feels like so many people around me have died because of it. --- The scariest thing is that even when you see the market correctly, you still end up losing. That's the true sense of helplessness. --- If you can't hold the sword, you'll end up cutting yourself. That's a harsh truth. I'm the one who's been cut many times. --- Frequent trading is really a pitfall within a pit, and no one notices the invisible vampire of trading fees. --- The phrase "Contracts are a game of probability" hits the mark, but unfortunately, most people treat it as gambling.

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