People who get liquidated soon after opening a contract usually don’t have the direction completely wrong; it’s more often because their position size is too heavy. They have only a few hundred “U” in the account and go all-in immediately. The moment the market moves slightly against them, they don’t even have time to react and they’re forced out right away. Even if they get the direction right, it’s still useless—one normal pullback can wipe out the entire account. By the time the market truly reaches the target price, the person is already gone. The advantage of low leverage is that you dare to stop loss; if your stop loss can be carried out properly, you won’t be completely knocked out by a single market move. Use the ratio of single-trade loss to total capital to back-calculate your opening size: get the direction right and you can stay in the market; get it wrong and you still have another chance. Trading with oversized positions is essentially betting your life on it. Even if you’re right a hundred times on direction, as long as there’s even one time you can’t hold through it, all the profits you earned beforehand get paid back. Those who manage to survive in the market aren’t necessarily predicting better than others; they’re controlling their position size more lightly than everyone else #USIranDealOrNoDeal $SPCX $VIC