James has lost from 80 million dollars to only 340,000 dollars playing contracts, and this situation fully illustrates:,

1. Do not blindly worship or follow the contract masters of the cryptocurrency world, whether they are a9 or a10, and do not take their words as gospel.

Because you do not know whether they are truly impressive or just a result of survivor bias; perhaps they are merely the luckiest person who crawled out from among thousands of retail investor corpses.

2. Successful experiences may not always be applicable, but the lessons from failures can constantly remind us to avoid pitfalls.

Learn more from the experiences and lessons of failures; by making fewer mistakes, you can get closer to success.

3. Always respect the market; when you have earned enough profit and a sufficiently large multiple, you should withdraw in a timely manner.

Every contract player should understand what is meant by the 'addition' and 'subtraction' of contracts.

Real veterans in contracts are those who do addition, simply put, they withdraw their earnings in a timely manner and then continue to engage in contracts with a similar or appropriately magnified capital.

Only gamblers will keep doing multiplication, failing to withdraw their earnings and continuously compounding contracts, hoping to soar in one leap. As long as you do not withdraw, the final outcome will be zero.

4. Many people care about the size of the principal and look down on small funds doing contracts.

That indicates a lack of understanding of what it means that gains and losses originate from the same source?

When you are ready to invest a large sum of capital to make big money.

It may be the time when you lose your principal the fastest and become the most impoverished.

In today's market environment, overnight wealth is rare, but overnight poverty is rampant.

Reposted by @Proletarian Monk