Trading contracts without stop-losses is like gambler's self-destruction:

In high-leverage contract markets, stop-loss is never an optional choice but a trader’s bottom line for survival.
Countless losses and crashes are defeated by luck mentality. Always thinking the market will turn around, unwilling to set stop-losses, ultimately leading to irreparable losses.
Not using stop-losses first means facing the risk of liquidation to zero.
Contracts come with leverage, and if the market moves slightly against you, losses will multiply exponentially.
Sudden news, major players shaking the market, smashing the price—without stop-loss protection, positions can shrink dramatically in an instant, even leading directly to liquidation.
What was originally a small loss, stubbornly holding on, eventually turns into a deep trap, forcing liquidation, and all previous profits are lost.
Secondly, it completely disrupts trading psychology, falling into a vicious cycle.
Without stop-loss constraints, people are easily driven by greed and fear.
Watching losses grow larger, anxiety and confusion set in, blindly adding positions to average down, deepening the trap.
Originally planned trading strategies are completely derailed by emotions, losing objectivity, leading to repeated mistakes and chaos in trading rhythm.
Most critically, it destroys the chance for a long-term turnaround.
The market is not about quick profits but about long-term survival.
The core of stop-loss is to lock in individual risk and preserve capital, leaving room for the next opportunity.
Refusing to set stop-losses is like betting all your assets on one market move—one mistake and you lose everything, with no chance to recover.
Always remember: stop-loss is the first line of defense in contract risk management and the shield to protect your capital.
No matter how accurate your market judgment, it cannot withstand an unexpected event without a stop-loss.
Respect the market, strictly follow risk control, and stick to stop-losses—these are the fundamentals for long-term success in the contract market.