From the Burning Abyss of Account Closure: The Honest Words of a "Former Contractor"

Hey guys, today I won’t talk about K-line, trend analysis, or hype up any trades. Just a few honest words, a bit painful, but if they resonate, they might save a few people standing right on the edge of the abyss. I’ve been there. I once thought derivatives contracts were a shortcut to changing my life, a “casino designed just for me.” It wasn’t until I nearly got swallowed by the market that I understood: it’s not a casino, but a meat grinder.

1. The “High” Feeling of Derivatives Is a Poison Last week’s threefold profit? I’ve seen even crazier cases: Using high leverage for 10 minutes, accounts jumping wildly, hearts pounding faster than during a first love. But remember this market’s painful truth: Money earned by luck will eventually be lost by skill. Contracts give a “fast – strong – satisfying” feeling, but the risk of account burn-out is extremely high: Crypto markets operate 24/7, no limit on volatility. A single wick can wipe out all confidence. Holding a position is essentially betting your account’s life. Even more dangerous, your brain will become “hardened.” Many behavioral trading studies point out 3 deadly pitfalls: Overtrading Greed when in profit Stubbornness when losing The market simply exaggerates human weaknesses. So, you curse contracts but still place orders — that’s not stupidity, but addiction to the thrill of quick wins.
2. Why Can’t You Quit? It’s Not Greed, It’s “Psychological Addiction” Many say: “Dreams are beautiful, but the price is too high.” I say directly: addiction to contracts is even worse than gambling. Obsessive Loss Recovery – The Demon in Disguise of Hope Losing → want to recover Profits → want to double In behavioral finance, this is called the “decisive effect”: People tend to: Hold losing positions too long Take profits too early The result: Make little money and run Lose and sit still, waiting for a miracle Life Kidnapped by Screens Eating while checking charts Sleeping with stop-loss orders Job decline, family distant I’ve seen brothers fall into the vortex of payday loans, debt piling up, only daring to tell the truth to their families when they can’t hide it anymore.
3. How to Climb Out of This Hole? A Rough but Effective Method Don’t believe in “just one order to recover.” To return to normal life, you must use systems to fight your instincts. 3.1. Physical Isolation Delete trading apps for contracts Transfer money to trusted family members Set strict rules: Loss of 10% in a day → lock the account Use automation tools, don’t rely on willpower 3.2. Rebuild Your Mindset Accept: Luck ≠ Skill Bull market: even pigs fly Bear market: everyone exposes their flaws In a chart showing account growth from 3,500U tripling Clearly note: “Finally lost how much” Stick it on your bedhead, look at it every day 3.3. Rediscover the “Slow Money” Feeling Do delivery, sell products, do side jobs — anything To recall the feeling: Earning one dollar = sweat equity 3.4. Diversify Your Assets Keep enough for living expenses Divide the rest into 3 parts: Safety: gold, bonds Long-term: DCA top coins, buy and hold only Practical: small business, cafes, homestays When money is spread out, attention is also divided, and the addiction weakens gradually.
4. A Straightforward, Slightly Harsh but Honest Statement Contracts: Newcomers → gamble on luck Old-timers → gamble on discipline 99% die because they lack discipline but still want to gamble If you’re still planning to hold on, ask yourself: Is waiting 5 years to hold spot and cycle more realistic, or betting on tomorrow’s account burn? If stubborn, just send them this: “Even dogs know not to eat bait, humans shouldn’t lose to dogs.” My Closing Words Crypto is full of stories of quick riches. But the rarest thing is those who survive until the end. Today’s harsh words aren’t to shame anyone, but to wake up those still fooling themselves. Remember this: The secret isn’t how much you make, but how long you can stay. Learn, elevate your awareness, manage risks — that’s your greatest asset in this market.