When it comes to crypto contract trading, I've seen too many stories. Those who jump in with just a few hundred or a thousand bucks, their minds full of dreams of "doubling up in one wave and then retreating completely." And the result? Three days of passion, two days of collapse, with accounts wiped out faster than any logistics company. I used to do the same back then, grinding with 8,000 yuan in the market. Those days of testing the waters on the brink of liquidation, holding my phone tightly until I sweat, I understand that feeling better than anyone.

But over the years, I’ve discovered a pattern: people who survive and those who don’t, it’s not about luck.

**Why do beginners always get wrecked? Because they don’t know how to trade**

Looking at those stories of total loss, nine out of ten make the same mistakes. Over-leveraging and going all-in, always thinking "if I win this one, I’ll turn things around," but then a small market fluctuation gets them liquidated immediately. Some stubbornly hold their positions, hoping the price will bounce back after falling, only to lose everything. In groups, when a "big shot" calls a trade, everyone follows blindly, and by the time they realize it, they’ve become someone else’s harvest.

These actions are basically gambling, not trading. The market loves to punish those who are "disobedient." The money you earn by luck will eventually be lost through real losses.

**The reason I’m still here is because of one principle: treat contracts as a job, not a gamble**

I used to think contract trading was all about luck, until I lost so much it hurt. That’s when I realized—it’s not the tool itself that’s the problem, but how you use it. The real killer is never the market, but our operations. Since then, I’ve stuck to three principles:

First, position sizing must be insanely controlled. Never risk more than 5% of your total capital on a single trade. Even with the best opportunities, never go all-in. The benefit of this is that even if you lose several trades in a row, your account won’t be severely damaged. Many people think this is too conservative, but this "conservatism" is what keeps you alive.

Second, stop-losses should be as natural as breathing. Before opening a trade, I always ask myself: what’s the maximum I can lose on this? Then I set the stop-loss there and never move it. Do you know why? Because once you start moving your stop-loss, your psychology begins to collapse, and losses accelerate.

Finally, only make money on trades you understand. If the market moves against your system, no matter how fierce the rise or fall, I don’t get jealous. Many are tempted by big market moves and chase in, only to get caught. My experience is, follow your system, earn what you’re supposed to, and that’s better than anything.

These three principles sound simple, but sticking to them is really hard. Especially when you see others making big profits, that itchy feeling in your heart is tough to bear. But the truth is, the market’s opportunities are never lacking. Those who survive to see the next wave are the real winners. Those who blow up after one or two out-of-control trades lose their qualification to participate altogether.

Contract trading has no secret, no profound technique. It’s a test of patience and discipline. Every trader who survives has stepped over countless pits. I hope new friends can learn to avoid some of those pitfalls.