Came across someone promoting “stock contracts”—over 450 underlying assets, covering US stocks, Japanese stocks, Hong Kong stocks, and A-shares—all with up to 75x leverage.
I’ve been writing code for 10 years. My first reaction to products like this isn’t excitement—it’s figuring out the math: at 75x leverage, if the underlying moves in the opposite direction by just 1.3%, you’re wiped out. And in A-shares, a daily swing of 3% is basically routine. This isn’t a tool—it’s a meat grinder prepared for retail investors.
On the same day, I also saw someone using an AI agent to automatically scrape Caixin/Yicai (financial news) and generate research reports automatically. Tools really are getting stronger. But in all these years, none of the money I lost was because the information wasn’t enough—it was because the positions were too large. I only truly understood that after nearly ten years 🥲
I’ve been writing code for 10 years. My first reaction to products like this isn’t excitement—it’s figuring out the math: at 75x leverage, if the underlying moves in the opposite direction by just 1.3%, you’re wiped out. And in A-shares, a daily swing of 3% is basically routine. This isn’t a tool—it’s a meat grinder prepared for retail investors.
On the same day, I also saw someone using an AI agent to automatically scrape Caixin/Yicai (financial news) and generate research reports automatically. Tools really are getting stronger. But in all these years, none of the money I lost was because the information wasn’t enough—it was because the positions were too large. I only truly understood that after nearly ten years 🥲