Recently, with the explosive growth in the cryptocurrency market, many people have started to show off their positions, especially those who have made a big profit. Looking at their significant gains, I admit there are still many experts out there, and my heart is starting to get restless again.

Previously, I lost money trading contracts, but since I usually open positions gradually and rarely go all-in, the losses weren’t that substantial. The money you think you're making often comes from the leverage you use, and is generally proportional to the leverage you apply. Liquidation to zero is the outcome for many.

Only those who have traded contracts know how dangerous this can be; you might feel like you're the chosen one when you just start making money, but the next second you could be liquidated. The thing contract traders fear most is a long wick; a single spike can wipe you out in an instant.

Now, I hardly open contracts anymore. Yesterday, I opened a few small positions and almost got liquidated again, haha, but it didn’t affect me; during a bull market, many people get liquidated. It’s better to stick with spot trading.

Have you made money trading contracts in front of the screen? #BTC #ETH #PiJS #pi