#比特币与黄金战争 Recently, a friend asked me about constantly getting liquidated in contracts. As we talked, I realized that most people losing money tend to fall into similar traps.

He said that trading contracts always results in large drawdowns or outright liquidation, and wondered if he's truly not suited for it. I told him, instead of doubting yourself, first check if you're falling into these common pitfalls.

**The first is opening positions too aggressively.** Many people want to make quick profits as soon as they enter the market, but when $BTC or $ETH experiences a slight adverse move, their accounts start bleeding. When the mindset becomes chaotic, decision-making deteriorates. Small positions may earn slowly, but you need to understand — steady growth often beats reckless gambling. The market loves to harvest those trying to turn things around in one shot.

**The second is stubbornly refusing to admit mistakes.** When the market moves against you, you keep thinking "it'll come back if I wait." But often, you can't wait for a rebound; the price just drops below your psychological expectation. Cutting losses promptly sounds easy, but in practice, it requires fighting against your greed.

**The third is neglecting to set stop-losses.** You think you can react quickly by watching the screen, but when the market moves fast, there's no time. During rapid declines, even a one-second delay in manually closing a position can wipe out your account.

My approach is to keep positions light. Even if I make a mistake, it's just a minor injury. Over a month, this stable rhythm actually helps accumulate more solid gains. The core logic of making money isn't complicated: first, protect your principal; once your account has grown, withdraw the original capital, and then use only the profits to trade. By then, your mindset will be completely different.

Ultimately, trading contracts isn't about who has the bigger courage, but about who can survive longer. The one who survives longer earns the right to wait for the next real opportunity.