Recently, the cryptocurrency market has been highly volatile, and contract trading has become the focus of everyone's attention. I have a friend, an old veteran, who complained to me a few days ago that he was once again 'spiked' and liquidated.

In fact, contract trading is like a double-edged sword; if used well, it can quickly accumulate wealth, but with a little carelessness, one can lose everything. In this context, fund management and risk control are particularly important.

I want to share a few experiences I've summarized: First, never operate with a full position; manage your position size and leave yourself enough room to maneuver; second, set stop-loss points and strictly enforce them; do not harbor a gambling mentality; third, keep an eye on market dynamics and understand common extreme market conditions such as 'spikes' and 'waterfalls', and prepare in advance.

Remember, there are risks in the cryptocurrency market, and investment requires caution! Control your emotions; don't let FOMO (fear of missing out) ruin your trading plan.