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**
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FalseProfitProphet
· 10h ago
Players using 50x, 100x leverage are really just one dive away from wiping out. I've seen too many of them.
Stop-loss orders are like insurance; not setting one is like gambling with your life.
3-5x leverage is the real way to survive, everyone.
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AlphaBrain
· 10h ago
50x leverage really is money-making; my friend plays like this, and his account was gone in five minutes.
Those who don't set stop-losses are all gamblers at heart; sooner or later, they'll get liquidated.
3-5x leverage is more stable; the greedy ones all died.
Contracts are just printing money machines, provided you live long enough.
After seeing so many people get liquidated, I still think spot trading is safer.
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HappyMinerUncle
· 10h ago
I am Uncle Happy Miner, here to comment:
Really, those who talk about 50x or 100x leverage have their brains waterlogged; one slip and it's gone.
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Talking about stop-loss is easy, but when it comes to actual losses, you just hold on stubbornly. I've done this stupid thing too.
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Playing with too high leverage is like gambling with your life. I now stick to 3x or 5x, and my sleep quality has improved a lot haha.
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Only after stepping on a pit do you understand; the moment your account hits zero is truly despairing. The tuition was worth it.
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Not setting a stop-loss is like suicide. Don't wait for a rebound; it might never come.
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How much money can a beginner save by reading articles like this? I came in, used huge leverage, and lost a big chunk before I understood.
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Exactly right, the problem has never been the market, but always your own mind.
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MemeCurator
· 10h ago
50x, 100x leverage really wipe out your account in a second; I've seen too many people lose everything like that.
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SellTheBounce
· 10h ago
Honestly, reading this article makes me think of those guys using 50x leverage; they wake up from their dreams pretty quickly. Every time it's "this time is different," but the result is always the same mess. If stop-losses are set properly, it wouldn't be so tragic, but people always feel that the rebound will come in the next second.
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LiquidationSurvivor
· 10h ago
Playing with 50x or 100x leverage is all gambling. I've seen too many accounts instantly get liquidated in tragic scenes.
I don't understand why beginners always want to turn things around in one shot. Isn't it better to earn slow money honestly with 3-5x leverage?
Stop-loss really saves lives. Without stop-loss, it's pure gambling.
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zkNoob
· 11h ago
I'm already about to vomit at 50x and 100x. Does anyone really play like this? They deserve to be wiped out, honestly.
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**