Contribution from a Contract Person

I have been working in the cryptocurrency circle for 5 years. I remember when I just graduated, I was full of curiosity about this new world. Under the guidance of the brothers in the group and the comments on the forum, I gradually got to know this world in depth.

At that time, the price of Ethereum (Auntie) was about 300 yuan. I bravely tried the contract trading with 100 times leverage. At first, I only charged 100U. To my surprise, the first transaction made 23U in just 5 minutes, equivalent to 150 yuan. This feeling of quick profit made me addicted, so I started to trade contracts full-time and even quit my job.

During that time, my daily goal was to earn enough 100U, so that I could play games and enjoy life. Money came so easily that I started to spend money lavishly. However, good luck does not always favor me. One night, the price of Bitcoin plummeted, falling by thousands of points in 30 minutes. I didn't want to stop loss, so I kept adding positions, but I was blown up in a few minutes and lost more than 2,000 U. This was my first blown-up, which made me deeply afraid of contract trading.

Since then, I have been trading under pressure, always closing profitable orders too early, and feeling nervous and uneasy when losses occur. I began to deny my trading strategy and frequently tried and failed until I was blown up again three months later. At this time, I still did not look back. The money I had earned before had long been spent. I even started to borrow online loans to trade, and the interest was shockingly high.

As the bills piled up, I became more and more timid in trading, and the money I earned was never enough to pay off the debt. The last blown-up finally made me realize that the problem was not the trading strategy, indicators, or the choice of ultra-short-term and long-term, but that my own personality and knowledge were not suitable for such high-risk transactions. No matter what method I used, it would end in failure.

When I woke up, I had already owed a huge amount of online loans. I hope that my personal experience can warn those like me that it is better to return to the right path and return to the right path. Contract trading is like a big casino. We all think we can be the lucky few, but the reality is cruel.It's never too late to turn back, friends. Think about those who went bankrupt or even their families were destroyed because of a margin call! We should live well, enjoy life, and feel the beauty of the sun.

Here, I sincerely advise everyone to be cautious about high-risk investment behaviors such as contract trading, and avoid repeating my mistakes. We should cherish our hard-earned money and time and energy to create a better future.

From the above story, we can understand several important truths:

1 Invest cautiously: Whether investing in the stock market, cryptocurrency or other investment products, you need to fully understand the risks and make prudent decisions. High-risk investments may bring high returns, but

they may also lead to huge losses.

2 Avoid excessive borrowing: Borrowing investment is a high-risk behavior. Especially usury, its high interest may quickly accumulate into an unbearable burden.

3 Know yourself: Before investing, you need to have a clear understanding of yourself, including your risk tolerance, investment knowledge and personality traits. Not everyone is suitable for high-risk investment.

4 Stop loss in time: When an investment suffers a loss, you need the courage and determination to stop the loss in time to avoid further loss.

5 Life is the main thing, investment is the supplement: Investment should be for improving life, not for the whole of life. Don't ignore other aspects of life, such as family, friends and health, because of investment.

6 Robust financial planning: Make a reasonable financial plan to ensure that you will not take excessive risks in any investment and maintain financial stability and security.

7 Don't pursue getting rich quickly: getting rich quickly is often accompanied by high risks. A sound investment strategy is the key to accumulating wealth in the long term.

In short, this story reminds us that investment requires caution, rationality and self-awareness, and cannot be driven by greed and blindness.