The contract market seems to be full of opportunities, but in reality, it's full of pitfalls. Recently, market volatility has been intense, and many people have been liquidated directly. However, a careful analysis of their mistakes reveals that they follow just a few common patterns.

The first fatal mistake is opening too much leverage. As soon as they enter the market, they think about doubling their position, jumping to 20x or 50x leverage at times. As a result, a slight market fluctuation can wipe out their account completely. Contract trading is not about who has the bigger guts, but about who can survive longer. Lower leverage means more chances to adjust and counterattack when mistakes happen.

The second trap is not setting any stop-loss orders at all. They always believe the market will reverse, thinking "let's wait and see." But in reality, the longer they wait, the more they lose, with losses snowballing bigger and bigger. Experienced traders understand that stop-loss is not about admitting defeat, but about preserving capital for the next round.

The third deadly operation is going all-in on a single position. Seeing an opportunity, they bet everything, only for the market to reverse, wiping out all previous gains and even incurring debt. The most basic rule of risk management is diversification; never put all your chips into one basket.

The fourth is being completely driven by emotions. Fear of missing out causes chasing after rising prices, while fear of further decline leads to cutting losses during dips. This emotional trading makes you follow the market's nose, ultimately leading to being harvested. Those who make consistent profits are usually traders with a plan who are not swayed by emotions.

The last common pitfall is underestimating the risks of unknown tokens. If you don't understand a certain asset, don't touch it, especially when volatility is high—reduce your position size. Often, risk is the greatest enemy, not missed opportunities.

Ultimately, those who make the most money in the contract market are never the most aggressive traders, but those who can keep a steady mindset and precisely control risk. Steady progress, following a plan step by step, is the only long-term way to turn things around.