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There are two points I don't understand:
The first point is, it doesn't seem that difficult to make 500x on gold. I see during live streams, people usually take three to five points and then run. If I do the same, is it not embarrassing? With your big pot of three to five points, can I also scoop a spoonful?
The second point is, for example, if the principal is 5000U, and you take a 0.05 lot each time, which is 5 lots, then it needs to rise or fall by 1000 points for you to get liquidated! Based on the current gold price around 4600, adding 1000 makes it 5600. If you short, with 5 lots, you don't even need to take a loss; you're basically guaranteed to make money. Conversely, if you go long and get liquidated at 3600, if you can get liquidated, I’ll take back the spicy words from others and give them to you. Do you understand your principal, the safe zones above and below? If you make 200 a day with a 5000U capital, isn't that easy? Give yourself a month, and on the premise of not getting liquidated, double your principal. Look around the world—you're capable of surpassing Buffett, with 180 Zhangxue motorcycles bent over, and you even earn more than the dogs barking in the square. Don’t look at me earning a hundred or two a day; with that profit, in our Gate contract competition's public data, I am definitely a model student. And I’m doing this without fully understanding the logic of the 500x gold play. Honestly, I’ve been in crypto for nearly ten years, and for the first time, an outsider from our circle has taken my traffic. Originally, new products in crypto were meant to attract newcomers to Bitcoin, but instead, they displaced the locals.
I’ve been playing this 500x for less than half a month, but logically speaking, finding a safe line and controlling your position is not difficult. In other words, if you have 5000U principal and open 5 positions at 4600, with five or six 30s, four or five 20s, and a position of 20,000U—do you think this position is big or small? In other words, if you don’t play 500x, and open 5 contracts in the futures market, isn’t the logic the same? You can earn a hundred or two a day.