When contract trading enters the campus, it's not about right or wrong, but rather sharing personal views.
I am not a sage; I have my own experiences. Seven years ago, in my second year after leaving campus, I could fully describe myself as a naive newcomer who wasn't afraid of tigers. At that time, due to financial difficulties, I was fortunate to meet a benefactor in my life, my mentor, who brought me into the crypto world. I won't go into the various past events, but I want to mention two things that I still can't forget. I brought two friends into the circle; one lost 56,000 in Inner Mongolia's Hongshan, and the other lost nearly 100,000 in contracts. Speaking of myself, ten years ago, a bride price of 100,000 was not considered small for a rural kid. I lost all of it in less than three days, behind my family's back. Those past events, when brought up today, seem vividly clear. Sometimes, even in my subconscious while sleeping, these bad memories resurface. But I am grateful. Although I lost money, my family did not blame me. It is precisely because of these painful lessons that I tread carefully in my future investments. Perhaps my experiences in the crypto world are just a grain of sand. Today, seeing college students engaging in contract trading reminds me of various past events.
Regarding college students opening contracts, I want to say that before clicking 'open position', it's essential to calculate the two risks!
1️⃣: Principal risk: Can your money really withstand the turmoil?
Having come from student life, each month's living expenses are about 1,000 to 1,500. Some students may think of taking 1,000 and leveraging it ten times to make a substantial profit. But the reality is harsh; take BTC as an example, a 10% drop means losing all the principal! Not to mention those even more unstable tokens, where a 20% rise or fall in a day is not unusual. In the contract market, 90% of retail investors end up losing everything.
Moreover, playing contracts involves more than just money; staying up late to monitor the market becomes routine, and there’s no focus in class, with numbers jumping around in my head. Once a liquidation occurs, the mindset collapses, leading to intense self-doubt. Right before exams, I’m still agonizing over whether to buy more to recover losses, and in the end, I didn’t study well, and the money is gone, leaving me empty-handed on both ends.
Everything has two sides; what we see is just what others want us to see. There is no absolute right or wrong, only how we perceive and grasp things. Some matters, without charging headfirst and suffering bloodshed, how can we know what follows?