The first lesson in contract trading is not about how to make quick profits, but about understanding how to survive.

This market will infinitely amplify your desires and also your mistakes. Many people haven't figured out the underlying logic of the game yet, and they have already become someone else's waiting-to-be-cut leeks.

Let's talk about leverage. Beginners using over 5x leverage are basically self-destructing. High leverage is like jumping off a building; it feels great when you jump up, but the fall often ends in liquidation. Once leverage is added, your mindset begins to lose control.

Stop-loss is the most easily overlooked tool. Not setting a stop-loss is like handing your weapon over to the market to deal with you. Every trade that you stubbornly hold on to with luck is paving the way for an even worse loss next time. This is not persistence; it's suicide.

Regarding the choice of exchanges and coins—don't throw money into small platforms just to save a few points on fees. When things go wrong, it's too late to regret. Also, avoid those exaggerated "monster coins"; they are not about value investment, but about taking your principal.

The most heartbreaking part is the mindset. Contracts are like a mirror that reflects your greed, fear, stubbornness, and impulsiveness. Once you start chasing gains and selling at losses, or get emotionally driven, you are already on the most stable path to losing money.

Ultimately, surviving long in this market is a thousand times more important than making quick money. Prioritize protecting your principal as the top priority; profits should come second. True traders never rely on luck to turn things around; they rely on the discipline and execution to keep their accounts alive. Remember this, and you will be ahead of 80% of people.