When I first started, I thought contract trading was a quick way to get rich. But in the first week, I was beaten to the ground by the market—high leverage, one shot, and my account was completely blown up in half an hour. It was then that I realized: contracts are not a printing machine; they are a battlefield.

A true failure review:

**Leverage is poison, not a life-saving straw**
The first time I opened 50x leverage, my heart was fluctuating like the K-line. I was ecstatic when it rose 1%, and got liquidated immediately when it dropped 0.5%. Only later did I realize: high leverage is like performing on a tightrope; you think you're surfing, but you're actually bleeding.

**Stop-loss is for survival, not a sign of giving up**
The ETH trade I regret the most—holding a long position for three days, always thinking I could break even. That night of liquidation, I slapped myself in front of the screen. If I had set a stop-loss earlier, I could have at least preserved some of my principal.

**When emotions collapse, all technical analysis is useless**
After three consecutive stop-losses, my eyes turned red, and I started chasing the rally, buying at the peak. Knowing full well it was FOMO (fear of missing out), I just couldn’t stop pressing the button—at this point, I no longer deserve to talk about trading techniques.

**Going against the trend and holding on? That’s just throwing your head in the lion’s mouth**
Once I didn’t believe in evil, repeatedly bottom-fished in a bear market. Later I understood: market trends are like steamrollers; if you insist on blocking in front, you’ll only get crushed.

💡 **These trading rules earned with blood:**
✔️Only use capital that can withstand losses
✔️Stop-loss is a lifeline
✔️Missed opportunities are always better than wrong decisions
✔️Market opportunities are endless, but your capital is only one set

Now I see contract trading as "dancing with a sword"—respect the market risks, but also learn to find the rhythm amid volatility.