Today a friend called me up and said his friend's friend made some crazy profits in a certain T platform trading oil—turned a few thousand bucks into hundreds of thousands in just a few days. He asked me if I knew about it and if it was legit.

I quietly listened and calmly replied with three words: 'Don't touch.'

This risk isn’t something the average person can handle; it’s more of a gamble than gambling itself, more of a contract than a contract. Once you're trapped in it, getting out is extremely difficult. Sure, you might have made some money now and think it’s great, but most people will, one day, end up losing both their principal and profits.

I have no clue how long this completely unknown little platform can last, and whether the funds can be withdrawn is also unclear. Besides the risk of the platform rug-pulling, there's this high leverage—one second you're up, the next you're down, and in a heartbeat, it's hell on Earth. It's super easy to get addicted to the thrill.

Luckily, this friend's friend seems to have a bit of self-awareness and is thinking about pulling out his money in time. That’s a pretty clear-headed move for some of the few who are still sane. In situations like this, if you've made a bit of profit, the best practice is to cash out some to cover living expenses and then use a portion to buy Bitcoin or other mainstream assets for the long haul—just hold and don’t touch.

In the investment world, you gotta stick to your principles and absolutely avoid contracts. At first, you might make a bit of cash and feel like the 'chosen one', but later you’ll realize you’re just the lamb waiting for the slaughter; they’re just fattening you up. The secondary market for spot trading is already tough enough, and if you add in leverage, margin, and all those other risk factors, how many people can actually come out smiling? Right now, I can hardly see any.