Is it hard to make $100 a day with contracts? 😂
A friend in the group played with contracts last September and set a daily goal of making just $100. The market almost developed according to his expectations, making small profits every day and feeling happy.
His goal was clear: take profits when making a little every day, not being greedy, and controlling risks.
He followed the plan for more than half a month, but at the end of September, an extreme market situation wiped out his previous gains and even his principal.
In the first 21 days of September, he made over $6000, but on September 22, he lost over $10,000 in one day, resulting in a loss of over $4000.
The market does not develop as expected, and no one can predict when a crash will happen.
Even if one makes $100 a day for 99 days, they could face a liquidation on the last day, losing everything in a minute and also losing their principal.
This is the inevitable outcome of contracts; the process might be profitable, but when making money, one does not stop and wants to continue according to the plan, yet unexpected market situations hit you hard, ultimately leading to zero.
No one can ultimately make money in the contract market; the process might multiply by 10 or 100 times, but no one can laugh in the end.
Protect your balance and stay away from contracts.
By the way, did you make money playing contracts? 😂😂
In the past few days, the war between Iran and Israel affected,
$BTC fluctuates, and the majority are liquidated