#MSCI未排除数字资产财库企业纳入范围 Entering the contract market, the most common mistake beginners make is never misreading the market trend, but rather stumbling over operational details. $BTC $ETH $SOL The contract trading of these popular cryptocurrencies is replaying the same tragedy every day.

Recently, I observed a phenomenon—many traders who just opened an account experience account zeroing within the first month. Tracing back to the root, they almost all fall into the same traps. These traps share a common feature: quick reactions, and once triggered, the account is completely liquidated within seconds.

**Trap One: Setting Leverage Too High**

A common problem for beginners is thinking "to get rich overnight." Using 50x, 100x leverage to go all-in, even a 1% market fluctuation can instantly vaporize the account.

I often tell people, contract trading is not about gambling luck, but about rhythm and risk boundaries. Leverage of 3x or 5x may seem to offer steady gains, but it can withstand about 20% market volatility, leaving room for adjustments and reflection. That’s the key to long-term survival.

**Trap Two: Fantasizing About Stop-Loss Capabilities**

"Wait a bit longer, it should rebound."
"Already lost half, I hate to cut losses."

Similar lines echo in trading rooms too many times. The final result is always— the more you wait, the deeper you get trapped, ultimately ending in complete wipeout.

The correct approach is: set your stop-loss at the moment you open the position. When the market moves in your favor, move the stop-loss line upward accordingly. This way, you can lock in profits and still give the market room to run. This is the true way to survive in the contract market.

**Trap Three: Going All-In with a Single Position**

"This opportunity is rare, all chips on the table!"

This mindset is like a gambler’s last bet, usually ending with the account being completely wiped out.

I have a simple position calculation formula to share: maximum single position = principal × 2% ÷ leverage. Suppose you have $10,000 in capital, and use 10x leverage, then your single position should not exceed $200. Even if the market reverses sharply, you won’t be knocked back to zero instantly.

**Trap Four: Trading Driven by Emotions**

Chasing high during a surge; panicking and cutting losses during a plunge. This FOMO-driven trading style is the main source of liquidation—accounting for over 80%.

The market itself doesn’t owe anyone anything. Those who make money usually have a trading plan from the start and strictly follow it. Don’t stay up late watching the screen, don’t let emotions control your fingers. Rationality and patience are the true cards in this game.

**Trap Five: Ignoring the Nuances of the Exchange**

"Market manipulation"