Contract loss of 300,000 oil, the house is mortgaged, and my monthly salary is not enough to pay off the debt.
To my friends who are still struggling in the contract market, I suggest you stop pouring money into it. You think you can earn it back, but in reality, you will only lose more. Three years of personal experience tell me that even if you can make money in contracts, in the end, you will lose everything in one bad decision. I have experienced multiplying my investment several times in one night, and I have also continued to invest after multiplying my investment, only to have my position cut in half, then opening new positions, and finally losing everything. Then I cried while borrowing money to continue investing, and everyone should know the result, which is once again waiting for you at zero.
I am a college graduate, not illiterate, and I have researched technical analysis diligently, and I have summarized my own trading methods, so I am not a novice. However, after three years of research, I have not made money from contracts; instead, I have made profits from casually buying spot commodities. Therefore, I advise everyone that if you think your abilities are stronger than mine, and you can persist longer, you might be able to break out of the predicament after a few years. Of course, by then, you will have already paid a heavy price: enormous debts, and your mental and physical health will be severely damaged. But if you think you are not as capable as I am, are too lazy to research, and want to get rich in contracts, I’m sorry, that is impossible. What awaits you is only more losses, ultimately leaving you with nothing.
I am sharing this information not to scare you, but to share my personal experience. I hope it helps you a little. At the same time, I will continue to share my insights and technical analysis methods, hoping to progress together with everyone. If I am lucky, I hope my sharing can bring me some income to help reduce some of my debts, and I hope I can slowly get out of this situation. I also hope you all can do the same! #交易心得