The market always knows how to make you lose all your money before you can make any!

Many people ask me about my favorite saying. I often say: "For me, keeping money is much harder than making money." After the events of December 10 and December 20 this year, you will see how frightening it is for those holding Spot accounts when their account has dropped 30-40%.

The reason you see people in this market showing positive PNL from Futu Margin trades may mean they are truly skilled, but no one dares to say they have never faced losses or devastation. So if someone advises you to drop the terms "Margin" and "Future," that is genuine advice!

I know my strength does not lie in psychology, so if a game is too psychologically demanding, like using leverage, I will immediately abandon it. I have tried and I have faced losses. The amount wasn't large, but it was enough to realize: "It doesn't belong to me."

When you work for a company, if you make a mistake, colleagues remind you, and bosses guide you. But in investing, no one else but yourself has to do all those things. Just one mistake can cost you money. If you're lucky, you won't lose everything and may have a chance to correct it, but if you're unlucky, you could lose it all, go broke, then what?

Why am I sharing this? Because in one day, three people I know lost their accounts, losing every single penny, even though just five days prior they were showing profits of 2 to 3 times their capital!

This game is like that, a mistake can kill you in just one hour. This market is already very risky, with risks of leaving money on the exchange, risks of hacking, risks of losing wallets, risks of black swan events, and many other risks, and if you add leverage to the mix, oh dear...

Sincere advice: Get rid of Margin and Futures!