95% of contract newbies do not survive three months - this number sounds terrifying, but I have seen cases that are even worse.

There's a guy who sleeps only two hours a day, with his phone alarm going off every 15 minutes. His eyes are bloodshot, a cigarette never leaves his hand, and he eats betel nut like it's a meal. Whenever the K-line moves, his heart races; when the market takes a dip, he feels completely numb. Spending time with his wife and kids? Not a chance. His life has long been hijacked by the market.

What's even worse are those who gamble with their hard-earned money. They saved up 3000 yuan from delivering food, and then one operation wiped it all out. They have to put on their greasy work uniforms again, running orders with dark circles under their eyes in the scorching sun and chilling wind. If they make a mistake on an order, they get a 50 yuan deduction, meaning they have to run ten more orders just to make up for it. By the time the bull market really comes, their pockets will already be empty.

How did it end up? Overdue credit card, unable to pay back friends' money, even my parents' retirement funds are gone. Living in the city like a lost soul.

Contracts are more thrilling than roller coasters. There are myths of turning 50 times in one night, but there are even more that go to zero in an instant. After blowing up a few positions, I curse myself for being foolish while also thinking about recovering my losses. The deeper I get, the more the market grinds me into the ground.

For newbies, avoiding contracts is the only way to survive. 10x leverage? That's a death knell. If the market moves against you by just 10%, your capital evaporates. You just got liquidated, and the price rebounds – this happens all too often. How is margin calculated? How to interpret the delivery rules? Newbies simply can't understand, and one mistake can lead to total loss.

Spot trading is different. The risks are clear; at most, you can lose your principal but won't owe money. The operation is simple: buy low and sell high to make a profit. No need to calculate leverage, no need to monitor margins, allowing you to study the market with peace of mind.

More importantly, the pace of spot trading is slow. It can help you overcome the impulse to chase highs and sell lows, and develop a habit of looking at the long term.

As a newbie entering the market, the most important thing is to accumulate experience and build understanding. Spot trading is a low-risk training ground that allows you to proceed steadily; contracts can directly lead to losing all your capital and destroying your confidence. Don't be tempted by high returns; starting from spot trading is the way to go far.