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 made by luck, but by harvesting others’ liquidations and losses. The market itself is a zero-sum game—when some go to zero, others become instant millionaires.
Experienced traders spend 70% of their time in cash, observing the market; they never take action without a clear trend. Once they open a position, the goal is to precisely harvest profits. 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 in contracts, there are only two core principles: go against human nature.
Stay calm when others panic, remain cautious when the market is greedy. Strictly control the loss threshold—never lose more than 5% of total capital on a single trade; during profit phases, hold decisively, aiming for at least twice the stop-loss distance, with risk-reward ratio always prioritized over trading frequency.
Many stubbornly believe that contracts are purely gambling, but that statement is only half correct: you get liquidated because you treat it as a gamble.