Entered at 50,000 Points and Added to Over 10 Contracts
A user posted on Dcard on October 31 under the title "Graduated, will never touch futures again," saying he had invested in stocks for over 3 years buying only ETFs and never using margin, and tried futures trading for the first time this month. He went long on the index when the broader market was at 50,000 points, continuously averaging down and adding long positions to accumulate more than 10 contracts. Both front-month and deferred-month contracts have been fully closed, and he decided to cut losses and exit, deleting his trading app and saying he will never touch futures again.
Front- and Deferred-Month Positions Fully Closed With NT$638,750 Loss
According to his posted trading records, he sold 13 contracts of Micro TAIEX Futures November 2026 contract Micro TAIEX 2611 with a net loss of NT$595,920; and sold 1 contract of the December 2026 contract Micro TAIEX 2612 with a net loss of NT$42,830, for a combined loss of NT$638,750 on TWD-denominated products. The original poster mentioned that last year he had asked a teacher to read his palm, and was warned he could suffer a major financial loss. Although he did not believe in fortune-telling, he still wore gold jewelry hoping to ward off the bad fortune, only to suffer a large loss on his first futures trade.
Once Up About NT$20,000 but Did Not Exit, Losses Then Widened
The original poster later revealed in the comments that he had actually been up about NT$20,000 at the beginning, but did not exit then, and losses gradually widened afterward. He admitted that because he did not want margin tied up inside anymore and affecting his mood, he has deleted the app. The post drew heated discussion, with comments noting that the biggest dividing line between futures and stocks is that averaging down on losing positions will wipe you out, and that treating futures like stocks is a sure way to lose, highlighting the difference between leveraged products and cash stocks.
Community Urges Conservative Trading and Strict Stop-Losses
Other users reminded that beginners in futures should trade conservatively and should not keep adding long positions when the market moves against them, saying that when something looks wrong you should either put up sufficient margin or reverse to short, not add to long positions. Other analysis noted the original poster did not lose more than NT$600,000 all at once, but rather let a small loss grow larger, refusing to admit mistakes in time and trying to average down while waiting for a rebound, ultimately bearing a larger loss, adding that he lacked the skills to judge trends and set entry and exit conditions — without leverage, stocks can be averaged down and held until breakeven, while futures are for traders who dare to admit mistakes and stop out.