"Holding onto spot positions without fear" is actually a slow death. When prices drop, we comfort ourselves by saying, "I can wait a little longer," only to see the prices continue to fall, deeply trapped without even the chance to cut losses. The most lethal thing is not market volatility, but numbness to risk.

Contract players at least understand risk control and know how to set stop-losses, while spot players often fall into the illusion that "it will always come back up" until the market teaches them a lesson. Spot positions without stop-losses are no different from a car without brakes; crashing into a wall is just a matter of time.

Whether playing spot or contracts, the most important thing is to stay alive. Don't let "holding on" turn into "not being able to hold on." The market is always ruthless; risk control is the way to go.