Why do some people always lose money when trading contracts?

In life, I have friends asking me to place trades, online I have friends asking me to place trades, at work my colleagues want me to place trades, and in the media, on platforms like Zhihu, Pinduoduo, and Binance Square, there are also people asking me to place trades.
They only see me making profits, but they don’t see me getting beaten up in the novice village.
The risk warnings I give, no one listens to. I teach them position management, margin calls, how to take profits and stop losses, but they don’t absorb it. Most just want me to tell them what to buy, at what price to enter, and preferably they want to be in profit immediately. If there's a 10% loss, they’ll send me ten messages in a minute, what does that mean? Are we trading against each other?
If people with this mindset can make money, then why would we seasoned traders lose?
So now, when someone asks me about contracts, unless I see they can strictly follow my strategy to trade, I just reply: buy spot.

Friends who are confused and lack direction in trading, comment 111, this round of the bull market will make you rich.
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How do people make money trading cryptocurrencies?

The survival rule of the 21st century is not to work in factories, nor to be white-collar workers, and definitely not to enter the system.
Many people have made fortunes by trading cryptocurrencies.
There are people around me who bought Dogecoin for 30,000, and when its market value peaked at 10 million, they cashed out when it dropped to 5 million, which can be considered making money.
I also trade contracts, using tens of thousands of dollars.
I multiplied it by dozens of times, which can also be seen as making money.
From August 2023 until now, I've made nearly 800, does that count as making money?
Do you enjoy hearing these stories?
But I have to tell you, aside from a few people making money, most people are losing. After losing money, they regret it, and those who trade contracts blame themselves for not being able to control their hands, not stopping losses, and always being greedy.
Those who trade spot will regret why they trusted others and bought those worthless coins, becoming bag holders.
The cryptocurrency market is the same as other capital markets; here's my advice: first try with 5,000 to 10,000 yuan, a small amount to test the waters. Once you lose that money, you can consider it your initial entry.
Then learn more, understand what information will affect the cryptocurrency market, what project parties are, what addresses are, what blockchain is, what points of speculation exist for this coin, and how capable the team is in controlling the market, etc.
All circles of making money are the same; without learning, you cannot make money at all. Those sudden wealth news you see are real, but they are also meant to attract new hands like you; lucky ones are everywhere.
Once you can avoid losing money, or even make small profits, wait for opportunities like a hunter, and when the opportunity arises, act decisively, and you will very likely get rich.
Keep it up, learning is essential in any field.

Friends who are currently confused and directionless in trading, leave a comment 1, this bull market will help you get on shore.
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Everyone, I'm very sorry 😞😔
The GOAT market seems to have dried up, it has been declining since the post, and there are no signs of stopping. I am already considering cutting my losses. 😕

#MEME趋势风向 #BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略 $BTC

I found that GOAT only has Binance contracts. When the spot opens, I personally think that below $1 is the best entry point, and I look forward to $2.
Bitcoin hits a new high again. If it does not create a lower low, it will continue to rise. You can open an order following the upward trend, but always pay attention to the loss protection.
#MEME趋势风向 #BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略 $BTC