#美联储重启降息步伐 I remember that night very clearly. She was sitting in the corner of the café, the red glow from her phone screen lighting up her face, as if she had just retreated from a battlefield. The liquidation alert and her ex-boyfriend’s breakup message popped up almost simultaneously. She said it was that moment she truly understood what “double zero” meant.

I didn’t say anything comforting. This market doesn’t care for that.

I just wrote down what I’ve learned over the years on a napkin and handed it to her: Want to survive in the contract market? Remember these things.

**Don’t get emotionally attached to losses.**
Cut losses when you need to, take profits when it’s time to go. Your principal is your trump card; don’t count on a miraculous comeback. Most people don’t die from wrong judgments, but from being unwilling to admit their mistakes.

**Don’t overtrade.**
Frequent trades are chronic blood loss. Fees and slippage alone can eat up 1% to 2% of your profits. Trading ten times a day versus twice a day makes a world of difference.

**Know when to sit on your hands.**
When you don’t understand the market, the best strategy is to do nothing. Missing an opportunity at most means earning less, but blindly entering trades is real money flowing out.

**Practice with small money.**
Contracts aren’t slot machines. Using a hundred bucks with 10x leverage, a 1% move only earns you ten dollars. What’s the rush? Survive first, then talk about making money.

**Leave room for black swans.**
The market always hits you when you least expect it. Only with light positions do you have a chance to recover; going all in will only get you kicked off the table.

**Do what you say.**
Once you set your rules, stick to them. Hesitating for a second is digging yourself a hole. If you can control yourself, you’ve already beaten 90% of the players.

Later, I watched the market with her for a few days. By the third day her account started to recover, and a week later, that dead look in her eyes began to fade.

I’m not into inspirational speeches. I only teach how not to lose money, and then slowly make money. If you’re stuck and can’t get out, stop flailing—get your method straight first.