What is the final outcome of people who touch contracts?

I have a friend who is a complete gambler. He is from a wealthy family and is a second-generation demolition worker. He is usually idle and his only hobby is playing poker and mahjong. Originally, he could rely on the demolition money from his family to spend the rest of his life without worries. But I don’t know which friend instigated him to enter the currency circle and play contract trading.

Unfortunately, his timing of entry was not good, and it coincided with the currency market crash. At first, he made hundreds of thousands of dollars with BOME, and he was ecstatic and treated several of our friends to a big meal. However, he was drunk that night. As a novice, he mistakenly thought that it had fallen so much and would definitely rebound next. So he boldly opened a long order for BOME. As a result, when he woke up the next day and looked at his account, as expected, it had been liquidated.

He found me and confided in me about this. I told him that there is often only one ending to doing contracts in the currency circle, and that is bankruptcy. In a sense, contracts are more terrible than gambling, and ups and downs can easily make people lose their rationality and basic judgment. Once people who play contracts go bankrupt, they are often ruined. They look down on the meager wages of working and the small profits of doing business, but they are useless.

I suggested that he try quantitative trading. He knew that I had been in the currency circle for a long time and made some money, and he thought I was reliable, so he believed me and prepared a capital of 50,000 U to start quantitative trading. The monthly interest rate of quantitative trading is about 20%, which means that he can make thousands of U a month and hundreds of thousands of U a year. Now is the bull market, and the currency price fluctuates back and forth. It is undoubtedly the best time to do quantitative trading. The quantitative robot can help him do swing trading 24 hours a day, so as to eat through the entire bull market. I hope that at the end of the bull market, he can clear his position and make a lot of profit.

I hope he can stay away from contract trading from now on, cherish the opportunities in front of him, and move towards success. $BTC