Last week, a friend who just started following me sent a private message, saying he wanted to try contracts, thinking he could make a comeback with one lucky trade.

That sentence instantly hit a nerve for me. Because a few years ago, I thought the same way.

Back then, I was new to the space, hearing everywhere that contracts were a fast way to make money, and I believed it. What happened? In less than three days, my principal evaporated—not even a trace left. Make a comeback? More like a wipeout, a total crash.

What really woke me up was the sense of despair the night my position got liquidated.

I stared at the zero balance in my account, feeling completely hollowed out, sitting there in a daze until dawn. That feeling was like a double blow—heartbreak plus losing your job at the same time. That's when I realized, contracts aren't tools for making money, they're meat grinders.

Afterwards, I kept wondering, where did I go wrong? Luck? Skill? Market conditions?

None of those. The real issue was I had no idea what risk control actually meant.

Until I met a veteran in the space, who chewed me out: "You don't even set a stop-loss—are you just here to give away money?"

From that day on, I started to really learn how to survive in this market. Gradually, I figured out a few things:

**First, leverage can magnify your gains, but it also magnifies your losses.** Back then, I thought 10x wasn’t enough. Looking back, I was just a naive rookie with no fear. Beginners should start with low leverage, don’t go all-in from the start—the market won’t go easy on anyone.

**Second, stop-losses aren’t optional—they’re your lifeline.** I used to hate cutting losses, always thinking “maybe it’ll bounce back if I wait a bit longer,” but the more I held on, the more I lost. Now, when I guide people on trades, rule number one is always set a stop-loss—no stop, no trade.

**Third, the most dangerous thing isn’t the market—it’s your own impulses.** Chasing pumps and panic selling—I’ve done it countless times, and every time it was a bloody lesson. Now, when I see someone FOMO buying tops or bottom fishing, I can already predict the outcome—another liquidation in the making.

Honestly, contracts aren’t poison, but they’re like fire—if you know how to use them, you can cook a steak; if you don’t, you’ll just burn yourself to ashes. The people who survive will eventually get opportunities from the market; those who blindly rush in won’t even recognize an opportunity if it hits them in the face.

If you want to try contracts, or you’ve already been schooled by the market, feel free to talk to me.

Don’t feel embarrassed—every veteran started as a newbie. The only difference is some people wake up early, some never admit their mistakes. If you’re willing to start by learning how to survive, I can teach you how to avoid some of the pitfalls.