Don't touch the contract without 100% confidence
In November 2023, on an ordinary night, Lin Hao sat in front of his computer, the cold light of the screen reflecting on his tired yet excited face. With a principal of 5 million under 5 times leverage, his contract account had surged to 4.3 million. After deducting various fees and hedging, the net profit reached an astonishing 851%.
This wasn't his first experience with such madness. A few months ago, he once had an unrealized profit close to 3 million, but ultimately those numbers slipped away like quicksand through his fingers. This time, he told himself — he had to hold on.
When the market briefly retraced, he didn't cut losses. After the rebound, his account profit even surpassed 900%. The shorts seemed to be squeezed too hard, and the board appeared unusually strong. When the number froze at 4.3 million, he called for his wife, who was busy in the kitchen, his voice trembling slightly: It's at 4.3.
His wife turned to look at him and found his expression surprisingly calm, even somewhat dazed. His eyes were fixed on the candlestick chart, like a statue. She knew he had experienced greater fluctuations, so she didn't pay much attention, just gently... hummed in acknowledgment and continued with her tasks.
Lin Hao stared at the screen, his mind filled with a single thought: 5 million, once it hits 5 million, I'll stop.
However, the market did not give him that opportunity.
In the absence of hedging, a sudden large bearish candle pierced through his position like a sharp knife. The numbers in his account began to shrink wildly — 4.3 million, 3 million, 2 million, 1 million... His finger hovered over the close button, yet he hesitated to press it. Perhaps he was still waiting for a rebound, or perhaps he could no longer think.
When everything stopped, the account balance was left with just over 800,000.
Lin Hao stood frozen in place, slowly cradling his head with both hands, a deep groan escaping his throat, as if struck heavily by something. His wife sensed something was wrong and was about to ask, but saw him suddenly stand up and rush to the windowsill —
: Bang!
The fall from the third floor did not take his life, but it forever took away his legs.
Later, a friend visited him in the hospital. He lay on the hospital bed, staring blankly at the ceiling, and after a long time murmured: I thought... this time would be different.
But the market never changes its rules for anyone's 'thoughts'.
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