My Journey of Speculation with Binance Contracts:
A Retail Investor's Survival Record under Leverage. Countless late nights, the liquidation alarms wake me up like a nightmare. Looking at the glaring liquidation notifications in my inbox, I know I have once again met my demise in the leveraged market.
I first encountered Binance during the bear market at the end of 2019. The unforgettable crash on March 12, 2020, became a turning point in my trading career.
At that time, I heavily invested in Ethereum (ETH) with 50x leverage, but in an instant, I lost everything due to the dual impact of the price avalanche and on-chain lending liquidation. At that moment, I felt numb all over.
After the heavy blow, I resolutely uninstalled the Binance APP and exited all trading communities, trying to distance myself from this "place of disputes."
However, the constant news from friends about "ETH soaring" and "DeFi airdrops" rekindled my desire to invest.
With a sense of luck, I re-downloaded the APP and returned to the contract market.
But reality was harsh; continuous stop losses and liquidations nearly made me lose confidence. However, for small capital investors, not engaging in contracts makes it difficult to achieve rapid asset growth.
Through continuous trial and error, I gradually developed a low-leverage trading strategy that suited me.
After May Day 2020, when ETH broke through the high point before the crash at 312, I decisively adopted the "Dragon Slayer Rolling Position" strategy and continued to increase my position.
This 10-month holding process was both tormenting and full of hope. In the end, not only did I recover all previous losses, but I also gained valuable trading experience.
Now, I am still active in the Binance contract market, but the restlessness of that year has long faded away.
I keep my leverage within 5 times, strictly adhere to stop-loss discipline, avoid emotional trading, and no longer blindly chase up and down prices.
I began to deeply study K-line structures instead of chasing market hotspots.
In contract trading, true victory does not lie in the profits or losses of a single trade, but in whether one can conquer their inner greed and fear.
Binance contracts are like a magnifying glass for human nature, amplifying market volatility and exposing human weaknesses. After countless liquidations and reflections, I finally learned to coexist harmoniously with the market.
Regarding contract trading, I do not believe it is a disaster. As long as one adheres to the principles of low leverage and focuses on mainstream currencies, retail investors can also find a balance between risk and reward.
