When I first entered the crypto world, I was no different from most newcomers—watching the prices surge and plunge, my fingers trembling, and only one thought in my mind: “Double it quick.”

Clearly, spot trading in waves can steadily bring some profit, but why does everyone flock to derivatives? I didn’t understand until I couldn’t resist the temptation and opened my first position.

It was just a small order of a few thousand USDT—I just wanted to test the waters. But then, out of nowhere, a single candlestick appeared and—boom—my account got slammed. Unrealized profits turned into losses in an instant, my margin dropped like crazy, my heart was pounding, and my hands started shaking. The numbers on the screen flipped faster and faster—I was completely frozen.

That night, I finally understood: derivatives contracts aren’t some fast track to riches. This stuff is the ultimate test of human nature and self-control.

I stayed up all night hugging my laptop, my eyes bloodshot, finally reflecting on where I went wrong—not bad luck, not a rigged market, just my own greed with no limits, no rules set in advance, and zero psychological preparation.

Then came the turning point. I started to reevaluate my trading logic, treating derivatives as a risk management tool—not a gambling game. I’d only act when signals were clear, only enter when the risk was controllable, and executed take-profit and stop-loss orders with iron discipline.

Gradually, floating losses no longer kept me up at night, and floating profits didn’t mess with my mindset. My account balance just steadily climbed, and I finally saw the truth:

It’s not the contracts themselves that are a trap—the real problem is flawed trading strategies and a lack of psychological control.

Ask yourself now—do you want to be harvested by the market for a lifetime, or do you want to be the one who laughs last? The choice is in your hands.