Hearing that you've suffered losses again in contract trading, I completely understand your current frustration and pressure. The high volatility and leverage in the crypto derivatives market have indeed caused many people to experience similar setbacks. But remember, temporary failure does not define your abilities or your future. What matters now is to calm down, avoid emotional decisions, and re-examine your trading strategy. Here are some points to consider, which I hope will be of help to you:

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1. Pause Trading and Adjust Your Mindset

· Emotional Management: After a liquidation, it's easy to develop a "recoup mentality," which can lead to impulsively increasing your position or leverage, often resulting in greater losses. Step away from the market for a few days and give yourself some buffer time.
· Accept Risk: Contract trading is inherently a high-risk game—even professional traders experience liquidations. Treat this as a learning process, not simply a failure.

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2. Review the Reasons for Liquidation

· Technical Aspects:
· Was leverage too high (e.g., over 20x)? High leverage greatly reduces your ability to withstand volatility.
· Did you set a stop-loss? Was liquidation due to lack of stop-loss, or was the stop-loss set unreasonably?
· Did you chase the market blindly or trade excessively?
· Strategic Aspects:
· Did you have a clear trading plan (entry point, take profit/stop-loss, position management)?
· Did you rely too much on news or others' advice instead of independent analysis?
· Risk Control Aspects:
· Did you risk more than 5% of your capital on a single trade? Did you over-leverage during extreme market conditions (e.g., flash crashes, high volatility periods)?

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3. Redefine Sustainable Trading Principles

· Leverage Control: Beginners are advised to use no more than 5-10x leverage; even experienced traders may consider lowering leverage.
· Strict Stop-Loss: Every trade must have a stop-loss, with the loss amount not exceeding 2-5% of your capital.
· Position Management: Use a split-position strategy (e.g., divide funds into 3-5 parts) to avoid going all in at once.
· Avoid "All-In": Never use all your funds or borrowed money in contracts.

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4. Learning and Simulated Practice

· Fundamental Learning: Deepen your understanding of technical analysis (trend lines, support/resistance, candlestick patterns), funding rates, liquidation mechanisms, etc.
· Paper Trading Practice: Test your strategy in a demo account before going live, keep a trading journal, and analyze the reasons for profits and losses.
· Pay Attention to Market Cycles: Bull markets (euphoria) and bear markets (slow declines) are usually more volatile, requiring strategy adjustments.

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5. Consider Whether Contract Trading Is Right for You

· If you still can't achieve stable profits after multiple liquidations, you may need to reflect:
· Are you more suited to spot trading or regular investing, which are lower risk?
· Are you too driven by speculation and ignoring risk?
· Is contract trading affecting your life or mental health?

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6. Some Reminders from Experienced Traders

· In crypto, "one day feels like a year" due to extreme volatility—surviving is more important than getting rich quick.
· Ordinary people are more likely to profit from spot trades in a bull market; contracts often become "wealth transfer tools."
· Beware of "profit flaunting" on social media—survivorship bias may make you think success is easy.

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If you're under financial pressure, it's advisable to return to your primary job or stable sources of income and keep your investment proportion within the range of idle funds. There will always be opportunities in crypto, but only by protecting your capital and mindset can you seize them in the future.

Trading is not about conquering the market, but about managing yourself. Every setback is an opportunity to recalibrate your path. What matters is not where you are right now, but where you choose to look next. If you need to further discuss specific strategies or need emotional support, feel free to leave a message—I'll do my best to provide a rational perspective.