Perhaps what you need to quit is not the contracts, but the gambling addiction.

Contracts are just tools; you can use them to gamble. Each time, you go all in, 125X, betting that this time your luck might be good, turning a bicycle into a motorcycle, a motorcycle into a Lambo, and then a Lambo back into a bicycle. You could also take the time to study trading properly, learning how to manage risks. For example, using 5% or 2% of your account each time, conducting at least 100 trades of backtesting on TradingView over a minimum period of six months to validate whether your strategy is profitable. Otherwise, money earned from gambling will likely eventually return to the market.

I previously worked in cross-border e-commerce, did Facebook ads, Google ads, and affiliate marketing. It wasn't until I encountered trading that I realized how valuable trading is as a skill and how it can be a profitable business model that can be done solo. Unlike some profit-making models, the trial-and-error costs are high, and the replicability of profits relies entirely on luck and platform policies. You can completely transition from backtesting to forward testing in trading, then trade live with a small account, and finally transition to operating a large account in real-time.

Get to know a group of foreign traders; some of the kids haven't even entered high school but are already very skilled traders. Becoming a full-time trader will come naturally for them in the future. Of course, most of the group trades forex, while I mainly trade cryptocurrencies. The strategies are similar; some strategies can be effective across different fields, regardless of whether you're trading stocks, futures, forex, or cryptocurrencies.

As I mentioned before, if you approach trading as a skill to learn, it may open a new door for you. Whether trading cryptocurrency contracts or forex futures, to become a trader who can profit consistently, you need to do the following three things well.

Start by mastering a strategy. The premise, of course, is to first choose a field, such as only doing cryptocurrency contract trading. You can certainly try different strategies when you start learning and find the one that suits you. For example, some people can only spend one or two hours a day watching the market, so a strategy that requires long hours of monitoring may not be suitable. Compared to a day trader, they may need a swing trader strategy.

Assuming you have spent some time learning (there are countless free resources on YouTube) and found a strategy you like or that suits you, you want to backtest this strategy with at least 100 trades. I recommend over 200 trades with data spanning more than a year. If you are profitable, then consider validating your strategy in the market rather than going all-in when you know nothing at the beginning (the more of a novice you are, the bolder you tend to be, often going all-in). If it's a swing trade strategy, for example, if you're looking at a 4-hour chart, you might not need to test so many trades to obtain relatively reliable backtesting data.

2. Risk management. This is completely indispensable. I don't know if some people have considered risk management when they go all-in on 125x leverage. No trader can achieve a 100% win rate; what we need to do is ensure that by the end of the month or year, we earn more than we lose—that's sufficient for profitability. Note that I'm saying earn more, not win more. Some high RR (risk-reward ratio) strategies allow you to make money consistently even if you don't win more than you lose. For example, with a 1:3 RR strategy, achieving a 33% win rate means you're profitable. You could lose two trades and win one trade, but the win is three times your risk. Therefore, discussing win rates without considering RR is misleading. When I first started trading, I came across strategies that could casually achieve over 90% win rates, but each time I lost, I lost 15% of my account, requiring me to achieve over 95% to maintain stable profitability. Also, for those who don't set stop losses, be careful not to fall into the trap of small wins and large losses, unless your test data supports not setting stop losses. In my familiar circles, each trade sets a stop loss, which clearly indicates how much you will lose if the trade fails. Know your win rate, know your average RR for winning trades, and know how many trading opportunities you can have in the market each week or month. Then, set a percentage of your total account at risk for each trade (you can decide based on your win rate; for example, conservatively 2%, or a bit more aggressively 5%). Additionally, to avoid revenge trading and to prevent getting carried away, set trading rules for yourself, such as stopping trades for the day after two consecutive losses, or halting trades after losing 10% in one day, etc. These are all part of risk management.

3. Mindset. Only after doing the above can we talk about mindset. If you don't have a backtested trading strategy that allows you to profit consistently, and you're not managing risks at all, discussing mindset is meaningless. Only when the first two are done can the trading mindset play a role, which is also of utmost importance. Some people perform excellently during backtesting, but once they trade in real-time, they can't do well. This is likely due to mindset issues, such as always breaking your own rules and being afraid to lose profits, closing trades prematurely. This may prevent your winning trades from reaching the RR you had during backtesting, effectively breaking your own rules. Also, some people want to achieve everything at once. They find it normal not to get a job after four years of college, yet they expect to learn a skill that ensures their livelihood and even financial freedom in just a month or two. That's unreasonable, right? So, part-time trading while having a job is fine until you can trade full-time; your data will tell you one day. In fact, skills can often be learned quickly, but mindset requires longer practice, especially for those who do not start with a good mindset.

Trading is a form of practice, much like life itself. Don't look at how much others have earned today or how someone has doubled their account. Your only opponent is yourself. I am also learning and moving forward on this trading path, hoping everyone can achieve their goals.

I am preparing for the strategic layout that will soon kick off!!!
Doubling your investment is still quite easy.
At the same time, I am also preparing to find some potential coins to hold until the end of the year.
Comment 888 to join!!!
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