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Entering the contract market, the easiest mistake to make has never been about how fierce the market is, but rather accidentally stepping on a landmine, and your account is gone.
Recently, I've seen too many failure cases. Some accounts are wiped out within just a few minutes of entering the market. The truth behind this is often not the market's brutality, but that the trading logic was flawed from the start. These 5 pitfalls, if a beginner falls into just one, can cause the entire principal to be lost in seconds. Strongly recommend taking the time to read through, as it can save you a lot of tuition fees.
**Pit 1: Opening too much leverage**
Many newcomers start with 50x or 100x leverage, dreaming of a quick turnaround. But in reality? A slight price fluctuation, and you're out. Contracts are not about courage; they are about the tolerance for errors. 3 to 5x leverage is the correct approach, allowing you to withstand volatility while leaving enough room for adjustments.
**Pit 2: Not setting stop-loss, stubbornly holding on**