Many people enter the crypto world, but in the end, they all become victims of the "leek" phenomenon. This sounds uncomfortable, but looking at the people around us makes it clear—some get rich overnight through contracts, while others lose everything just as quickly. What's the difference? It's not technology; it's mindset.

**Why is it so easy to lose money on contracts?**

Studying candlestick charts during the day and watching the market until dawn at night, yet still ending up with losses. This is the norm for many. Where does the problem lie? To put it bluntly, the design logic of high-leverage contracts is inherently unfavorable to retail traders. Exchanges can see the positions of market participants, and big data-driven liquidations are less conspiracy theory and more market reality.

Some might say: "I doubled my money with contracts!" That's true. But how many can double their money continuously for a month? Among contract traders I know, the final outcomes usually fall into two categories: either they lose everything and exit, or they lose so much that they start selling courses to cut others.

Want to survive in the contract trading world? There are three iron rules you must follow:
- Never use more than 3x leverage. The higher the leverage, the faster you die.
- Stop-loss levels must be strictly enforced. Limit single trade losses to within 2%.
- Take out the principal first when you make profits, and then let the remaining profits roll over.

**Spot trading is the real business**

In a bull market, everyone looks like an expert, but how many can still smile during a bear market? Most people's losses are not because they bought the wrong coins, but because they kept entering the market during major sell-offs. When Bitcoin hit 69,000 in 2021, countless positive news flooded the headlines, yet many got trapped at the top.

The key to making money in spot trading is not about how precise your entries are, but about holding your positions. More accurately, it's about being able to hold "cash." It sounds contradictory, but that's the truth—the reason most people lose money is because they can't resist going all-in.

The actual strategy is simple: once you've chosen your coins, deploy in batches; take profits when targets are reached; keep a small portion in reserve for future opportunities. Even if the market drops later, your psychological pressure won't be overwhelming, allowing you to stay calm and judge subsequent opportunities more clearly.

**Mindset is more valuable than technique**

Ten years of trading, experiencing margin calls, insomnia, and self-doubt. The final realization is: gambler's mentality is the most expensive tuition in the crypto world. Those who are truly doing well in this market share one thing in common—not necessarily advanced skills, but self-control: knowing when to stop loss, when to go to cash, when to take profits.

Mainstream coins like Bitcoin and Ethereum haven't changed their long-term logic. But if you want to precisely buy the dip or sell the top in short-term fluctuations? Honestly, the exchange's algorithms are smarter than you. Instead of stubbornly relying on technical indicators, it's better to learn when to rest.