The alarm bells ring: stay far away from contract trading!
Have you ever dreamed of getting rich overnight, considering contract trading as a shortcut to the pinnacle of wealth? Wrong! Contracts are by no means a shortcut to riches; instead, they are a carefully laid trap by the house, hiding countless dangers in a wealth grinder.
In the field of contract trading, tenfold or even hundredfold leverage seems to have the magical power to unlock massive wealth, seemingly allowing you to easily reach unattainable golden mountains. However, hidden behind this is a fatal crisis. Every slight fluctuation in price is no longer just a simple numerical change; it is like a sharp blade, accurately cutting into your assets and carving out your flesh.
In the exchange, the K-line chart that jumps continuously for 24 hours connects to the siphoning pipes of the world's largest 'casino.' The real data is shocking: in 2023, the total amount of liquidations in the contract market exceeded 43 billion dollars. To put it into perspective, this means that an average of up to 12,000 'bodies' of investors' wealth are ruthlessly 'carried out' of this crazy gambling game every day.
On social media, those screenshots flaunting hundredfold gains that pop up from time to time are like beautiful yet poisonous flowers; they are merely tempting bait thrown out by survivor bias. This is the most misleading aspect of the contract market—data shows that 99% of those who ultimately lose everything had experienced brief profits during trading. This illusion, akin to an addiction, lures investors to keep increasing their stakes, sinking deeper and deeper, until the heavy hammer of leverage crushes their remaining capital to dust.
It must be clearly recognized: participating in contract trading is by no means a wise investment behavior; essentially, it is acting as a never-ending human ATM for the exchanges. In this seemingly fair game, the house has absolute dominance; they can arbitrarily change the rules and can 'pull the plug' at critical moments, cutting off your trading path. In such an unequal contest, what makes you think you can defeat the house?
Ultimately, participating in contract trading is playing the role of a gambler. Our foray into the investment field should be to gather hope for the future, not to plunge into a casino for a reckless gamble. Remember this profound saying: 'While the green mountains remain, one need not fear the lack of firewood.' When the dawn of a bull market shines upon the market again, you need to have funds left in your account to seize real opportunities. Those who become addicted to contract trading and eventually face liquidation can only helplessly return to square one and start a hard life anew.
So, once again, a solemn warning: never touch contracts! Staying away from contract trading is safeguarding your wealth and future.