“Without opening a contract, how can I turn things around?” But I did almost crash
I know you’ve seen these words too:
“Spot trading is too slow to recover, opening some leverage can bring you back to break-even overnight!”
“Without opening a contract, what can you rely on to change your fate?”
I also believed, and even agreed.
💥 My first contract went from 300U to 2200U in a week.
💥 But in the second week, it dropped from 2200U back to 20U in just one move.
It's not that I don't understand the risks; it's that I wanted to turn things around too much.
Many people say, “Contracts ruin lives,”
But no one says, “Without opening a contract, you might not even get a chance to try.”
📍 So I am not opposed to opening contracts, but I remind you — don’t be reckless.
⸻
📚 I have summarized 5 iron rules to remember before opening a contract 👇
1️⃣ Capital ≠ All your assets
Consider the money in your contract account as money you can afford to lose; don’t use living expenses, rent, or credit card funds to invest.
2️⃣ Leverage is not a lifesaver, it's a double-edged sword
Unless you are experienced, beginners should stick to 3x leverage or less. Liquidation is not a possibility; it’s inevitable.
3️⃣ Better to miss out than to stubbornly hold on
Always set take-profit and stop-loss; it’s better to lose 50 than to face a -100% loss.
4️⃣ Don’t harbor illusions about “rebounds”
When you lose 20%, you’ll hesitate; at 50%, you’ll gamble; at 80%, you’ll only have screenshots to mock yourself.
5️⃣ Those who treat “turning around” as a goal are more likely to sink
Making money is not about “getting it right once,” but about “surviving long enough.”