1. The magical reality of wealth leverage

With 10x leverage, a 10% fluctuation means assets double; at 100x leverage, a 1% fluctuation can lead to either total loss of principal or doubling. This "light leverage, heavy result" wealth effect creates myths of "earning 5 million in 3 days." When people see a college student turning 5,000 yuan into 10 million on a SHIB contract, their brains automatically block out the cases of liquidation and suicide — a classic example of the "survivorship bias" effect.

2. The dopamine-driven thrill of trading

Neuroscience research shows that the dopamine released during contract trading is 3-5 times that of normal investing. The intense fluctuations that can occur every minute create an instant feedback mechanism similar to gambling:

  • The illusion of "I can beat the market" when making profits

  • The trigger of "the next bet will definitely recover losses" gambler's mentality during losses
    This physiological addiction leads 82% of contract traders to remain in the market even after more than three liquidations.

3. The beautiful traps constructed by cognitive biases

  1. Illusion of control: 87% of contract traders believe they are smarter than average

  2. Recency effect: The most recent profit overshadows the memory of the previous 10 losses

  3. Anchoring psychology: Treating an accidental maximum profit as the standard that "should have been achieved"
    These cognitive biases create a perfect psychological loop, leading participants to continue investing.

4. The addiction mechanism of market design

The modern contract exchange deeply understands behavioral economics:

  • 24-hour continuous trading creates the illusion of "there's always an opportunity"

  • Social trading fosters a sense of anxiety that "others are making money"

  • Simplifying the operational process lowers the decision-making threshold
    Data shows that a mainstream exchange app pushes market reminders an average of 7.3 times a day, deliberately maintaining user excitement.

5. Social currency of collective revelry

On social platforms like Douyin and Telegram groups, contract profits and losses have become a new form of social currency:

  • The culture of sharing trades creates a false prosperity

  • "Teacher-led trading" creates a multi-level marketing style spread

  • The narrative of sudden wealth reconstructs value standards
    In this collective frenzy, rational voices are often drowned out.

Conclusion: Principles of survival for the awakened

After understanding the essence of the appeal of the contract market, smart investors will:

  1. Strictly limit invested funds (no more than 5% of net assets)

  2. Establish a mechanical stop-loss discipline

  3. Regularly conduct "awareness periods" isolation

  4. Use tools like options to hedge risks

Remember, the market is always looking for the next buyer. When you think you've discovered the secret to wealth, it might be worth asking: who is the real dealer in this game?\u003cc-21/\u003e\u003cc-22/\u003e\u003ct-23/\u003e\u003ct-24/\u003e