Six months from $2,000 to a complete wipeout, I finally quit contract trading and going all-in

It's a bit embarrassing to say, but half a year ago I entered the crypto world with $2,000, thinking I could tenfold my investment with contracts.
My first time playing Gate's USDT-margined futures, 100x leverage on BTC, going all-in, and when I had an $800 floating profit in five minutes, I was trembling and immediately closed all positions for profit. That day, I even added two eggs to my takeout.
Looking back now, that was the ticket to hell.

After tasting success, I completely lost myself, trading two orders a day to avoid insomnia, switching between altcoins and meme coin contracts, losing and then adding more, winning and doubling down. The most memorable moment was when I played a new meme coin contract with $300, and it surged 150% at open. I thought it could go higher, so I added 50x leverage with my entire position, only to see a waterfall decline in ten minutes, resulting in a liquidation, leaving my account with only single digits.

That night, I sat on the balcony for half an hour, and only when the wind blew did I realize this money was earned from three months of hard work.

After that, I locked my leverage at 5x, only trading small positions, and started watching others’ shares on Gate’s forum, learning to do spot dollar-cost averaging for BTC, spending only half an hour a day on charts, no longer chasing news.

Although my account hasn't recovered yet, my mindset has become much more stable. I no longer lose sleep over a single candlestick’s rise or fall, nor do I fantasize about hundredfold coins.

The harshest lesson crypto taught me isn’t how to make money, but how to respect the market.

To friends still struggling with contracts, a sincere word: don’t gamble your living expenses, surviving in the market is more important than anything else. #我的Gate交易时刻