Looking back now, I was just a naive newcomer, blindly stumbling around and ended up in a terrible situation—I lost a total of 1600U, all tied up in contracts, and there's nothing to say but tears.
As for me, I lack insight; when I see others saying a certain coin "can make money," I rush in without even understanding the project's white paper. I have no ideas of my own; when someone in the square shouts "go long," I go long, and when they shout "go short," I follow along, completely without my own judgment. I can't analyze at all, I don't understand MACD or RSI, and I rely solely on luck to place orders.
At first, I was just playing around with spot trading, not losing much, but then I heard people bragging about "making quick money with contracts, turning small amounts into big profits in one go." As a newcomer who had never seen such a scene, I couldn't resist and jumped in. During my first trade, I was delighted to make a few dozen U, but the next second, it retraced, and without a stop-loss, I went directly into the red. After a few liquidations, I was frustrated, thinking about making back what I lost, and I got deeper and deeper into trouble, forgetting to set stop-losses. I woke up in the middle of the night to check the market, my eyes were bloodshot, and the U in my account kept dwindling. Until I cleared my positions and calculated, the largest single trade was over 900U, and a total of 1600U was gone—that was money I had saved for a long time.
I sincerely advise newcomers like me who understand nothing, it's best not to touch contracts! Without insight, ideas, or analysis skills, touching such high-risk things is just giving away money. From now on, I will honestly stick to spot trading, even if I earn slowly, it's better than watching my U disappear into thin air.
