Many people try trading contracts for the first time, not for steady profits. They hold onto a hope: "If I get this one right, I can turn things around."

But reality is often more brutal.

Contracts are the fastest way to make money in the crypto world, but also the fastest way to wipe out your account. There’s almost no room for adjustment in between. You think you’re trading, but in reality, you’re running alongside leverage. Leverage amplifies not only potential gains but also your fears, greed, and psychological weaknesses.

Newcomers are most likely to fall into these three traps.

First, setting the leverage too high. Before your account can react, the position gets liquidated. Second, after a loss, refusing to cut losses and starting to "talk to the market." Third, going all-in on a single trade, hoping to recover losses with one big move.

To be blunt—trading contracts without stop-losses is essentially gambling. The market won’t soften just because you’re losing money; instead, it will precisely hit the price levels that terrify you the most.

What’s going on with those suddenly surging coins? What you see as an "opportunity," traders see as "liquidity." By the time you chase in, you’ve already become someone else’s bag-holder and target for their exit.

The players who can truly survive in the contract market are not the smartest ones, but those who can control themselves best. Low leverage, small positions, timely stop-losses, allowing yourself to make mistakes—sounds conservative, but it’s highly effective.

Remember one thing: the purpose of contracts is to amplify advantages, not to turn your fortunes around. If you can’t even protect your principal now, it will only accelerate your exit from the market. Instead of rushing to make big money, it’s better to learn how to survive long enough.