2026-01-09 10:29:41

When I first entered the crypto world, I thought contracts were too simple — I believed they were a shortcut to quick wealth. As a result, I was brutally beaten by the market in the first week, and my account was wiped out in exactly half an hour. It was then that I realized contracts are not a printing machine; this place is a battlefield.

Here are some painful real-life cases:

**Leverage is more dangerous than poison**

The first time I dared to open 50x leverage, my heart was pounding like it was about to jump out of my chest. Watching the market rise by 1%, I cheered excitedly; a 0.5% drop would immediately trigger liquidation. Only later did I fully understand — high leverage is like walking on a tightrope. You think you're surfing, but in reality, you're bleeding.

**The words "stop loss" are all about blood**

The most unforgettable trade: holding a long ETH position for three days, thinking I could still break even. That night of liquidation, I slapped myself hard on both ears — if I had set a stop loss earlier, I could have at least preserved my energy.

**When emotions spiral out of control, technical analysis becomes worthless**

The clearest memory from that period: after three consecutive stop losses, my eyes turned red. I turned around and chased the rally, only to buy at the top. Knowing it was FOMO, my fingers ignored my brain’s commands and confirmed the order — at that moment, I was like an out-of-control gambler, unqualified to talk about technical skills.

**Going against the trend and holding on? That’s just giving away your head**

Once I didn’t believe in the trend and kept buying the dip in a bear market. Later, I understood: the trend is like a steamroller. If you block in front of it, you’ll only be crushed into powder.

**Survival rules earned with blood:**

✔️ Always trade with money you can afford to lose
✔️ Stop-loss is your lifeline
✔️ Missing an opportunity is not scary; making a wrong decision is deadly
✔️ The market offers many opportunities, but your capital is only this much

Now I see contract trading as "dancing with a knife" — respecting the market’s sharpness while learning to dance to its rhythm. Those painful lessons are actually teaching you how to survive and walk out of this market.

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BrokenYield

· 12h ago

half hour to zero? rookie numbers honestly, mine took like 12 minutes lol

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NervousFingers

· 01-09 10:48

Leverage of 50x is really a death wish. I played like that too, and in half an hour, two months' salary was gone. --- Stop-loss is easy to talk about, but when it comes to the critical moment, your hands start to shake, and in the end, you're completely wiped out. --- FOMO is truly incredible. When your eyes turn red, your mind is no longer your own, and you become nothing but a market leek. --- Buying the dip, buying the dip, but the more you buy, the deeper you go. Only later do you realize that sometimes cash is more valuable than holdings. --- Isn't a contract just an amplifier? It can amplify your gains but also your losses. You can't afford it. --- That saying is right. Missing an opportunity at most leads to regret, but making the wrong decision is truly gone. --- Now, before every order, I have to ask myself: if I lose this money, can I still sleep well? If not, then don't touch it. --- The survival rule is truly heart-wrenching. Principal is fundamental; without principal, everything is just a fantasy. --- Technical analysis? Sometimes it's like tarot cards; in critical moments, emotions are the main driver. --- The metaphor of dancing with a knife is brilliant. The crypto world is just like that—every step is on the edge of a knife.

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MevTears

· 01-09 10:48

50x leverage wiped out in a week, this is really not a story, it's a bloody lesson --- Talking about stop-loss is easy, but when executing, my hands are trembling. I understand that feeling --- Every time I FOMO, I think I'm about to make a fortune, but in the end, I lose my mind too --- Bottom fishing in a bear market, how many people have been fooled by this trick? I've been scammed too --- Those still trading contracts now are either really brave or just haven't lost enough yet --- The survival rule is well written, but few can truly follow it... --- The blood donation metaphor is perfect. Every time I see the K-line go up or down, I feel like I'm donating blood

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SilentObserver

· 01-09 10:47

Zeroing out in half an hour? Dude, this pace is a bit fast. I only consider myself professional because I take losses in increments. 50x leverage is really insane. How strong does your heart have to be to withstand it? The most terrifying moment is FOMO; you just can't stop. Whether to set a stop-loss or not makes a big difference. I'm alive now entirely thanks to it.

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GreenCandleCollector

· 01-09 10:33

Leverage of 50x wiped out in the first week, this guy is really daring... I feel sorry for him just watching. --- Stop-loss is easy to talk about but deadly to do. I’ve been taught the hard way to understand this. --- In that FOMO moment, my brain just shut down, fingers automatically confirmed, I couldn’t stop it. --- Counter-trend bottom fishing is just giving away your head, that’s not wrong. --- Playing with money you can afford to lose, this rule is truly written in blood. --- Contracts are a battlefield, not an ATM. I should have known it would be more painful. --- After three consecutive liquidations and still chasing the rise, that mindset really needs adjustment. --- In the market, everything can be recovered except your principal. --- The analogy of high leverage as blood donation is brilliant, every sentence hits home. --- Now looking at contracts like a gambler, you need to be so clear-headed to survive.

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