When I first got in touch with contracts, I thought it was a shortcut to getting rich quickly, but later I realized that contracts are essentially just a tool. How you use it depends on whether you are a gambler or a trader.

Big funds engage in hedging, while retail investors treat it like a casino.

This is not a simple guessing game of ups and downs; it’s a zero-sum game. If someone makes money, someone else loses.

Moreover, with transaction fees, slippage, and market makers harvesting profits, it’s truly difficult for ordinary people to survive.

The first rule of contracts: Stop loss, stop loss, stop loss!

Not setting a stop loss = suicide mode

Whether you are a novice or an experienced trader, you must set a stop loss when opening a position!

Stop losses don’t have to be large; the key is not to hold onto losing positions. If you hold once, the platform is waiting for you to get liquidated; if you hold ten times, you’ll eventually lose everything.

Don’t believe in any "eternal profit methods"; they are all toxic nonsense.

Some say: Start with a small position, if the trend is right, increase your position, then take profits on a rebound; it sounds perfect and invincible.

But the reality is:

Trends are hard to judge, and the market is in fluctuation most of the time.

After increasing your position, your cost rises, and a slight shake can trigger a stop loss.

A flurry of operations as fierce as a tiger can eat away half your profits in fees.

It feels great to multiply your principal several times, but in the long run, it all goes back to the platform.

Unless you run away with your profits, otherwise, you’re just a high-level victim.

The biggest problem for beginners: not setting stop losses and loving to increase positions.

I have walked that path too. Enduring a small loss, then adding more when I can't hold on, only to get liquidated again, sinking deeper.

I originally aimed to make 10%, but ended up losing all my capital.

By the time you realize it, the position has already been liquidated, and your wallet is empty.

The contract market is a cruel meat grinder, not a place to get rich, but a battlefield for risk control.

If you don’t learn about stop losses, you will eventually exit; if you don’t understand position management, you will eventually get liquidated.

Remember: Surviving gives you a chance for the next trade, don’t hand your life over to leverage!