I Traded Perpetual Contracts for a Month: From Dreams of Overnight Wealth to Reality
Written by: Rhys
Translated by: Luffy, Foresight News
After five years in crypto, I had never tried perpetual contract trading. One month ago, I decided to give it a shot and record what I learned. My goal is to share honest reflections that could resonate with both beginners and experienced traders.
Sometimes you’ll laugh at the mistakes I made or maybe recognize a bit of yourself in them. To be fair, my motivation was part boredom and part curiosity — I simply wanted to join the wave of the “decentralized perpetual exchange” trend that had everyone buzzing.
Starting Out in the Craze
Initially, I explored several platforms leading the movement:
- Hyperliquid
- Lighter
- Aster
- Apex
In hindsight, perhaps I should have gone with Lighter, as it still hasn’t released a token and its points event continues. Still, Hyperliquid appeared the most reliable, so that’s where I started.
My Trading Experience
I began by trading the XPL token exclusively, always taking long positions. This quickly turned into my habitual strategy. To my surprise, my first trade doubled my account balance, giving me an early rush of confidence that wouldn’t last long.
“Find a group of people who are doing the same thing as you, preferably those who are smarter than you.”
This advice guided me throughout the process — surrounding myself with experienced traders kept me grounded, reminding me how much I still had to learn.
Author’s Summary
One month of perpetual trading turned ambition into humility, showing how easily excitement can blur the line between luck and skill.