Perpetual contracts are often seen as an accessible, high-leverage investment tool for many beginners. It seems like a quick way to turn things around, but the reality can be quite harsh—frequent bets against the market, following emotions to go all-in, risking everything at once... Many end up with their accounts wiped out. I've been in this industry for many years and have stepped into more pitfalls than you’ve seen candlesticks. Today, I want to share four core principles. I can't promise they'll make you instantly rich, but at least they'll help you survive longer in this market. And surviving itself is already the beginning of winning.

**The First Taboo of Capital Allocation: Don't Go All-In**

When the market moves, many people get impulsive and want to go all-in immediately. But what happens? A small, unexpected pullback hits, and they get wiped out. The core logic of money management is actually very simple—always leave room for error. If one trade loses? No problem, try again. Failing three times in a row is true failure. Your position isn't meant to show courage; it's your bottom line for survival in the market. Think about it—if you went all-in on the first trade, where's the chance to correct your mistake?

**The Second Trap: Use Human Nature Against the Market**

Most people are naturally inclined to buy the dip, hesitating when prices rise. But successful traders do the opposite—they follow the trend, not fight it. When the trend is still upward, any pullback could be a gift to get in. As long as the trend hasn't broken, hold on. Don't try to predict the market's top or bottom; markets have their own inertia, and the probability of trend continuation is always much higher than reversal.

**The Third Key: Take Profit and Stop Loss Are Not Optional—they Are Mandatory**

Making money seems easy, but the real challenge is protecting that money. Without stop-loss settings or take-profit plans, even the strongest market intuition can't save you. I have three iron rules: stick to them, and your capital curve will steadily rise: no single loss should exceed 5% of your total capital; aim for more than 5% profit on each trade; maintain an overall win rate above 50%. Following these principles, the power of compound interest will gradually reveal itself.

**The Fourth Deadly Mistake: Overtrading**

The most common mistake among beginners is being too active. Opening five or six trades a day, executing hundreds of trades a month, not only fails to make money but also easily leads to emotional loss of control. Trading is not about speed or brute force; it's an art of patience and waiting. My advice is to limit yourself to 2-3 trades per day, executing them with a plan and rhythm. The market won't run away, and you don't need to be tinkering every moment.

**Final Words**

Summarizing these four points: don't go all-in, follow the trend, control risk, trade less. In the crypto world, being able to stay calm, wait patiently, and survive long enough is more valuable than any so-called secret to getting rich quickly. Because the true winners are always those who manage to stay alive.