Why do contracts keep liquidating every day, yet so many people still play?

To be honest, most people simply don’t understand how it works.
In the eyes of ordinary retail investors, contracts are high-risk gambling; but in the eyes of professional traders, contracts are essentially risk hedging tools. The profits here are never earned by luck, but by harvesting others’ liquidations and losses. The market itself is a zero-sum game; when someone goes to zero, someone else gets rich.
Experienced traders spend 70% of their time in flat positions, observing; they never take action without a clear trend. Once they open a position, the goal is to precisely harvest. In contrast, ordinary retail investors trade frequently, act emotionally, and have no strategy, ultimately becoming the chips that get harvested.
To achieve long-term profitability with contracts, there are only two core principles: against human nature.
Stay calm when others panic, remain cautious when the market is greedy. Strictly control the loss threshold; never let a single loss exceed 5% of total capital. During profit phases, decisively hold on; aim for at least twice the stop-loss amount, with the risk-reward ratio always prioritized over trading frequency.
Many stubbornly believe that contracts are purely gambling; this statement is actually only half correct: you get liquidated because you treat it as a gamble.