$ICNT Many people who just entered the contract market are not eliminated by the market, but are sent away by themselves.
$BEAT The easiest 5 pitfalls to fall into: stepping on one is painful enough, stepping on all will directly wipe you out:
1. Too much leverage
Want to turn around with 50x or 100x? A shake in the market can wipe you out.
Contracts are about surviving longer; 3-5x is the only way to have some margin for error.
2. Not setting stop-loss and holding on
"Just wait a bit longer for a rebound" is the last words before liquidation.
Set stop-loss when opening a position; staying alive is more important than making big money.
3. Going all-in
All-in is not confidence, it's gambling with your life. Don't let a single loss exceed 2% of your principal, or you might flip over in one go.
4. Emotional trading
Chasing highs and selling lows, FOMO takes over; the outcome is always the same.
Trade according to the plan; don’t let emotions into your account.
5. Underestimating exchange risks
Whipsaws, slippage, extreme market conditions are essential lessons for beginners.
Choose mainstream platforms and minimize actions during critical times.
$ZEC Contracts are not cruel; what’s cruel is wanting to make money without rules. First, learn to survive, then it’s your turn to make money.
