How attractive is contract trading? Open any trading platform community, and you'll see a string of stories about getting rich quickly: "Doubled in a week," "White gloves with no capital," "Turned 50,000 into 5 million." But behind these screenshots, you'll find another scene—liquidations, zeroing out, debts, with some even losing 500,000 in just one meal.

Knowing that contracts are high-risk games, why do so many people keep rushing in? Ultimately, it taps into the most irresistible parts of human nature.

**The Magic of Leverage: The Thrill of Moving Mountains with Little Effort**

The most tempting weapon in contract trading is leverage. With only 1,000 in your account, borrowing 10x leverage allows you to control a position of 10,000. If the price of the coin rises by 1%, you earn 100—equivalent to a 10% return on your principal. This "small bet for big gain" thrill can be addictive.

The problem is, many only see the amplified gains from leverage but ignore the risks. When using 100x leverage, a mere 1% adverse price movement can trigger a liquidation. On March 12, 2020, a trader opened a 30x short position before dinner, planning to catch the bottom, only to see 500,000 in margin vanish within 15 minutes. High leverage magnifies risks—it's less about wisdom and more about human greed and fear.

**Two-Way Trading: A Seemingly Perfect Trap**

Stock trading only allows buying low and selling high, but contracts are different—you can short, profiting when prices fall. Even in a bear market, there's a chance to make money, which sounds perfect.

But reality is much more complicated. Predicting market direction is inherently difficult. Coupled with market liquidity, sudden news, and capital flow changes, even seasoned traders often guess wrong. Once the market moves against you, leverage becomes a sharp sword.

The volatility of digital asset markets far exceeds traditional finance. Using leverage to control it is like trying to perform delicate surgery with a flame-thrower. In the end, it's not you controlling the market, but the market playing you like a puppet.