In secondary contracts, there is always only one true winner, and that is the market maker.

They are exceptionally skilled at profiting from human nature.

In theory, in the same market conditions, with the same margin and leverage, if two people take opposite positions, one of them should always make a profit.

But in reality, both of these individuals are likely to lose money.

The main reason for this situation is the manipulation by a third party, namely the market maker.

They manipulate not only the market but more importantly, human nature—when in profit, they want to earn more; when in loss, they fear liquidation and can only endure the pain of cutting losses.

Our greed and fear become the most important tools for the market makers to make money.

Therefore, our true opponent is not the person taking the opposite position, but the market maker, and even more so, ourselves.

Having played contracts for a long time, one thing has deeply resonated with me.

The awareness required for trading is not necessarily about judging news or precise technical analysis; compared to "knowing when to stop," the former is just icing on the cake.

When in profit, one should run if necessary, securing gains and not feeling regret for missing out on further profits; when in loss, if one firmly believes in their judgment, then they should bear it within their means until the situation turns around.

But while it sounds easy to say, achieving it is as difficult as climbing to the sky.

If everyone had this awareness and could achieve unity of knowledge and action, the exchanges would have long gone bankrupt, and there would be no market makers left.