In the darkest dawn of 37.26U, the legend of contract counterattack begins!
In the early hours of December 2017, the numbers on the screen jumped wildly, my hands trembled like a sieve, and in three minutes my six-figure account collapsed to 37.26U!
My first encounter with contracts gave me a harsh lesson from the market, the dark center thumped like a drum.
After a decade of counterattack to seven figures, I understand deeply: contracts are not a gambling table, but a life-and-death arena; surviving is the true way!
In terms of position, I established strict rules, with a single loss not exceeding 1% of total capital. During the massive crash on May 19, 2021, while others faced liquidation one after another, I only retraced a maximum of 12%; being conservative is better than going to zero.
The stop-loss level is like an iron wall; once set, it must not be moved. If wrong, admit it; conceding is a thousand times better than stubbornly holding on, otherwise the market will chew you up.
I often use a leverage of 3 to 5 times, with a maximum not exceeding 10 times. Exceeding 10 times can lead to forced liquidation even from normal fluctuations; trading is not about trends but about “ghost stories.”
The market rewards those who understand restraint, no holding positions, no all-in. In contracts, living is winning, and the account balance will remember everything!