A Confession of a Crypto Trader: I'm Stuck in Contracts
To be honest, quitting contracts is harder than quitting smoking.
I have a brother who initially started with 2000 yuan and made it 20 times in three days. At that time, he was on cloud nine, thinking he was the next CZ, able to make money with just a flick of his fingers.
But what happened later? Heavy positions, stubbornness, all-in bets—his account balance went on a rollercoaster ride—50,000 turned to 30,000, 30,000 turned to 8,000, and finally back to zero. But by then, he was already obsessed, fully aware that contracts are a meat grinder, yet unable to stop.
Why are contracts so addictive?
Fast: Stock market fluctuations are slow and tedious, while in the crypto world, you can experience heaven and hell in just a minute.
Fierce: With 100x leverage, making money feels like printing cash, while losing feels like jumping off a building.
Illusion: You always feel that you can turn things around with the next bet, only to sink deeper.
The scariest part is that you know it's a dead end, yet you can't help but want to try again. Just like gamblers always believe they'll win the next round, contract traders always think the next trade will make up for their losses.
But the reality is, most people never get to see the day they turn things around before being completely wiped out by the market.
Now, he stares at the market during the day and suffers from insomnia at night, with all kinds of trading software on his phone. He keeps saying "I'm done with this," but the moment the candlestick moves, his hand acts faster than his brain.
Once you touch contracts, it's hard to turn back.
It's not because you're greedy, but because it's too fast, too exhilarating, and feels too much like a dream you can't wake up from.
Day trading focus: sxt, s, kaito, sui
