Contracts, to be honest, are a matter of a hair's breadth between heaven and hell.

When I first entered the market, I only had 8,000 yuan in my account. In a moment of impulsiveness, I used 100x leverage. What happened? The market gently fluctuated, and in just fifteen minutes, half my position vanished into thin air. Staring at the sea of red on the screen, my palms sweating, I was completely stunned. That’s when I realized that liquidation for a newcomer isn’t an accident but the market’s first "gentle" warning.

After experiencing that blow, I developed a sense of reverence for the market. I no longer dream of getting rich overnight, and my trading is no longer driven by emotions. Through slow exploration, I finally understood—contracts are not gambling; they are a discipline of risk management.

I’ve seen many people, after making some money, become inflated, only to be repeatedly liquidated in trading; I’ve also seen others lose so much they can’t sleep at night, eventually being completely overwhelmed by negative emotions. They all fell into the same trap: not understanding how true experts operate.

Good traders spend most of their time waiting—seven parts of the time in cash, observing, accumulating strength; only three parts of the time do they go all-in. Last year, I caught a wave in SOL using the Bollinger Bands indicator, and that’s how it happened. While others were busy watching candlesticks and guessing rise or fall, I focused on one thing: understanding the market’s rhythm. When the Bollinger Bands contract, it signals buildup; when they expand with volume, it’s a sign to enter. I built positions in the lower band in stages, tightly setting stop-losses at previous lows. Over three weeks, I achieved thirty times the profit. It wasn’t because I predicted more accurately, but because I followed strict discipline in execution.

After years of messing around, I set three iron rules for myself, and now every trade follows them: never lose more than 2% on a single trade, no more than two trades per day, and once floating profit reaches 50%, immediately activate capital preservation and take profit. It may seem rigid, but it’s these seemingly stiff rules that have kept me steady in this crazy market.

The market is never short of people willing to throw money in, but what’s truly rare are those who can survive long-term. If you’re still being led by the market and trading purely on emotion, it’s time to stop and review your strategy. Want to double your account with contracts? First, learn to preserve your capital and avoid liquidation. That’s the starting point.