2026-01-01 14:27:53

This round of the market has made me realize a truth — with principal in hand, there is always a chance to turn things around. It's just that I need to change my strategy now and give up on trading contracts.

Honestly, I was thoroughly educated by light this time. My account was originally 2400U, but I lost 300U before I finally woke up, leaving me with 2100U. The seemingly small loss behind it are countless nights of being liquidated. Contracts are like that; when they don’t let you make money, they are very restrained, but once you start earning, they hit you with a shot, causing instant liquidation. I’ve even fallen into the trap of 1x contracts, and the final result? Still losing.

I’ve lost more before and learned many lessons. I thought I was smart during this period, but I still stumbled on contracts. Now that I think about it, maybe I should just focus on spot trading and stick to the coins I’m good at. Don’t let a single K-line needle puncture the entire account.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

gas_fee_therapist

· 32m ago

Contracts are really just bloodsuckers... --- From 2400 to 2100, it feels like the account is screaming --- Wait, even 1x leverage can turn into a disaster? Then I must be hopelessly bad --- Spot trading is better, at least I don't have to wake up in the middle of the night to check for liquidation notifications --- Still, the same old story: losing your cool is more terrifying than losing money --- I've experienced being educated by light myself --- Having the courage to switch to spot trading, but afraid of getting itchy again and touching contracts --- 300U in tuition, switching to clear-headedness is worth it --- Having principal means having opportunities—there's no doubt about that, but the key is not to get stuck in the same pit again

View OriginalReply0

MidnightGenesis

· 4h ago

On-chain data shows... the contract's logic is a black box. I monitored enough liquidation timestamps late at night, and unsurprisingly, they all hit key support levels. Your predicament is actually a problem with the contract design itself, which can be seen from the code. Spot trading is the right path. From my observation of many projects, those that survive are all spot traders.

View OriginalReply0

SandwichVictim

· 4h ago

Smart contracts are like eating people and not leaving bones; you should have stayed away long ago.

View OriginalReply0

SeeYouInFourYears

· 4h ago

Contracts are really a trap, pretending to be your friend when making money, then immediately blowing up your position when you turn around.

View OriginalReply0

LayerZeroJunkie

· 4h ago

Smart contracts are really a trap; even a double can fail. I believe it.

View OriginalReply0

AllInAlice

· 4h ago

The contract is really incredible. Be very cautious when making money, and you can be liquidated in a second when losing money. This trading is unplayable.

View OriginalReply0