Why do old investors shout 'don't play contracts'?
Because this thing can make you rich, but it can also make you lose everything!
Real case:
Old Wang lost from 10,000 to 6,000 trading spot.
Xiao Li turned 10,000 into 80,000 with contracts (but out of 100 Xiaos, maybe 99 went bankrupt).
Three-piece set of self-destruction:
1. Play at the casino, trade 20 times a day (just the transaction fees are enough to eat instant noodles for a year)
2. Earned money wants a villa, lost money wants to break even (resulting in sleeping under a bridge)
3. Sudden 100x leverage (liquidation is faster than scrolling short videos)
Three iron rules for survival (realized only after going bankrupt three times):
✅ Only bet on three types of situations: sharp drop rebound / sideways breakout / collective lamentation