A fren came to me and complained that his contract got liquidated again. Wow, only after chatting did I find out about his sneaky moves. He won't stop until everyone gets liquidated. The dealer loves these big leeks.

I all know that Liang Xi won in high leverage and high frequency back then, and I also played this way in this fren, and he proudly told me that he sometimes opened 20 orders a day, and each order could earn hundreds of U

His exact words: "In terms of winning percentage, #BTC, ETH are nothing. I control them tightly when playing with small amounts, once it comes to large capital, I just give them away. In terms of amount, I'm totally superior."

In fact, he committed a major taboo in the contract. In a sideways market, his approach can indeed make money (resisting single + unlimited increase the position to reduce costs), but when he encounters extreme market conditions, his high leverage is instantly wiped out with a market fluctuation of 10%.

The transaction screenshots he gave me vividly illustrate this point. There are hundreds of transaction records, 98% of which are profitable orders. They have one characteristic: they are all small amount orders with an average return rate of 30%. There are only a few losing orders, each with an amount several times that of small orders, with a return rate of -600%.

He is easily satisfied with closing his position when he makes a small amount of money, but when he loses money, he keeps adding to his position until he gets liquidated, without setting a stop loss. Even if you win 99 times before, the dealer can take you away in one shot.

In the current market, it may be more accurate to flip a coin than to predict the price with great effort. The crypto world is always full of opportunities, but we must learn to respect the market. This contract trading is nothing more than gambling, no different from going all in in Macau. As the saying goes, stay away from contracts. If you really want to play, please strictly implement stop-loss and take-profit strategies!