Crypto Circle Newcomers Must Read | Contract Pitfall Guide

Many people rush into contracts as soon as they enter the circle, thinking they can get rich overnight.

The reality is: this is the highest-risk way to play, and the vast majority of newcomers end up failing here.

1. Understand the Rules First

• Perpetual contracts do not have an expiration, but risks will always follow you.

• Leverage = double-edged sword, amplifying profits while also amplifying losses. Newcomers should practice with low leverage, don’t jump to 20x or 50x.

• Set stop-loss orders! A moment of luck could lead to complete loss.

• Choose a safe and reliable platform; don’t be greedy for low fees on small platforms, as they might run away and leave you no chance to cry.

2. Staying Alive is More Important than Making Money

• Cut losses at the line, don’t hold onto losing positions.

• High leverage temptation = fast lane to liquidation.

• Never go all in, save some bullets for a comeback opportunity.

3. Don’t Touch the Red Line

• Don’t catch the falling knife of a skyrocketing altcoin.

• Going all in with high leverage is gambling.

• Trading without a stop-loss is like writing your will in advance.

Finally, a reminder: there is no guaranteed profit in the crypto circle, and risks will always be greater than you imagine.

This article is just a risk warning and does not constitute investment advice. Whether you can survive depends entirely on yourself.