Listen to my advice— in the contract market, correctly predicting the direction does not necessarily mean you will make money.

When I first started trading contracts, I was this naive too. I lost 800,000 in just half a year, which was shocking. The most ironic thing is, the delivery slips I found showed that my market judgment wasn’t actually that bad, but I still lost everything. Only after reviewing my trades carefully did I realize that what truly defeated me wasn’t the market itself, but several classic traps set by the market makers.

First — rushing in too quickly. Whenever the market moved slightly, I would jump in, go all-in on a breakout, only to be immediately swept out by a quick counter-poke. This happened several times, each time a bloody lesson.

The second trap was even more insidious. I set rigid stop-losses at 3% or 5%, thinking it was very safe, but in the face of sharp contract volatility, it was completely useless—like offering a gift to the market makers. Being "false breakdown" swept three times in a row, watching the market mockingly surge in the direction of my original prediction, I could only stare in disbelief.

The third was heavy position sizing and going all-in. A single all-in trade was like betting the entire fate of my account on one market move. Even if the direction was correct, just a few K-line reversals could wipe out the account entirely. I still remember the night I got liquidated, watching my balance drop to zero, and I froze completely.

Since then, I set three strict rules for myself: never allocate more than one-third of my position at a time, never go all-in; adjust stop-losses with market fluctuations instead of sticking to fixed points; and when the market isn’t clear, just stay out and wait for opportunities.

With these rules, I crawled out of the pit of continuous liquidations, and in just over a year, my account tripled. Honestly, in the crypto world, those who survive aren’t the ones who can predict the right direction perfectly, but those who truly manage to stay alive.