I have seen too many beginners rush into the contract market full of hope, only to end up on the liquidation list. Contract trading is not just about analytical skills; it tests your psychological resilience and risk awareness. Over the years, I've learned from pitfalls, and here are three points that might help you avoid detours.

**First Pitfall: The Skill of Taking Profits When the Time Is Right**

Many people start to get overexcited after making some money. When the gain reaches 10%, they begin to fantasize about doubling their profits. But a market correction can wipe out all previous gains in an instant. Truly consistent profit-makers do things differently—they take out half of their position once they reach a 20% profit.

For example, with a principal of 1000U and a floating profit of 200U, withdraw 100U to secure gains, and set a break-even stop-loss on the remaining position. Even if the price crashes later, you’re already in a profitable position. This principle sounds simple, but executing it requires resisting greed. Market opportunities are plentiful, but your capital can't withstand too much turbulence. Enjoy the fish meat; don’t feel the need to eat the tail too. Leave some profit margin for others and keep a backup plan for yourself.

**Second Pitfall: Execution of Stop-Loss**

In the contract market, holding on through losses is the most common "fatal disease." It’s often seen that people lose 15% and still hope for a rebound, only to be liquidated and owe money to the exchange. This is human nature—many interpret stop-loss as "giving up," but in reality, stop-loss is like a seatbelt that can save your life at critical moments.

Set rules beforehand: establish your stop-loss level before entering a trade. For example, when going long on BTC, you should exit if the price drops 5%, rather than hoping to hold until a 20% decline and then cut losses. Why is this so hard? Because humans tend to be optimistic. But the difference between winners and losers lies in this execution ability. The market will always present the next opportunity, but an account that gets liquidated loses the qualification to participate.

**Third Pitfall: Learn to Re-enter the Market**

It’s hard to earn money on ETH only to see the price continue soaring afterward—there’s always regret. But don’t dwell on "selling too early." If the trend remains healthy, the correction period is a good time to rebuild your position. True experts aren’t afraid of selling early; they fear not having the courage to re-enter during a pullback. This tests your understanding of the market and your bravery.