I've paid quite a bit of tuition while trading contracts, and I sincerely want to give some advice to new friends.

When trading contracts, you need to learn to maintain a sense of awe and discard fantasies.

First, you need to understand the level of danger involved in contracts.

With the same leverage and margin, if two people open long and short positions at the same point, logically one should make a profit, right?

However, the reality is that in the end, they are likely to both incur losses.

Market makers often exploit the greed and fear of retail investors, oscillating between long and short positions.

Ultimately, retail investors either get forcibly liquidated or cut their losses, with only a small portion making profits.

Therefore, sometimes accurately judging the general trend of a cryptocurrency's rise or fall is useless; if the operation is not done properly, or if the market maker plays unfairly, you will only become fodder.

From the moment you step onto the path of trading contracts and expect to profit daily, it is equivalent to living a life on the edge of a blade.

The level of danger is self-evident.

Thus, after you understand the dangers of trading contracts, you should learn to abandon fantasies; contracts are unlikely to make you rich quickly.

Many big players do not achieve sudden wealth through a single coin but accumulate slowly over time.

Do not fantasize about making tenfold, twentyfold, or even a hundredfold returns from a single contract.

The more capital you invest, the more your space for recovery operations will be further compressed; the longer you hold your position, the greater your probability of liquidation.

To mitigate risks, aside from learning to allocate capital reasonably, it is most important to have a clear concept of returns.

Assuming a 30% gain is considered glorious gold, a 50% gain is considered prestigious platinum, and a 100% gain skips the watershed stage, promoting you to supreme star.

In other words, achieving a doubled return on a single position is already considered reaching the threshold of top players.

To achieve the aforementioned returns, the risks will undoubtedly increase, and the difficulty will skyrocket.

This requires strong capabilities, meaning sufficient capital, as well as luck, faith, and so on.

I only understood these things after losing all my capital, and I hope that new friends will take fewer detours.

For the big players and veterans, just consider it a bit of amusement.