Last November, a friend played with contracts+, starting with a principal of 500,000 and going long 5 times. The account peaked at 4.3 million, creating costs and fees as well as a portion lost to spot hedging, resulting in an overall return of 851%. If it were you at this moment, what would you do? Normally, most people would have stopped long ago, but he didn't. His wife said there was a small drop in between, but he didn't cut losses, and later it rebounded. At that time, the contract account's profit had already exceeded 900%. There must have been too many short positions, so he didn't pay much attention. Later, it dropped a bit, but he also chose not to cut losses. His wife mentioned that when it was at 430, he called her with a slightly worried tone to inform her of the situation, not particularly excited, and then he stared at the screen, remaining incredibly calm. Because with contracts, he had previously made nearly 3 million during the peak period and then gradually lost it all. Having seen great storms, he remained incredibly calm in such situations. He firmly believed it would reach 500 and wanted to wait until it broke 500 before taking profits; however... without hedging the contract position, a needle just mercilessly stabbed down... the account instantly had only about 80,000 to 90,000 left, and closing it was obviously too late... the outcome is already known to everyone, bomb+. The rest is him holding his head with both hands, sulking for two minutes. His wife had a vague feeling that something was wrong, and just as she was about to ask him what was wrong, he rushed to the windowsill and jumped down... Fortunately, their home was on the third floor, so he survived. But his legs are forever ruined.
