#比特币与黄金战争 Why do contracts explode every day? Ultimately, there is only one fundamental reason — most people simply don’t understand what they are doing.

Seeing exchanges display 5x, 10x leverage, many people get confused, defaulting to think this is "operation within a safe range." But in reality? It’s all an illusion.

Let’s take the most common scenario: depositing 10,000 yuan of USDT in the account, with a bottom line of losing no more than 500 yuan, but ending up opening a position worth 30,000 USDT. On paper, this looks like 5x leverage, which sounds quite restrained. But what about the actual risk involved? Using nearly 60x leverage to participate in the market. Most people are completely unaware of this and deceive themselves into thinking "my position is small, risk is controllable."

People who truly understand contracts think completely differently.

They are not betting on whether the price will go up or down. What is the essence of contracts? Risk calculation and capital confrontation. Those who make money often do so because their opponents are in the wrong position, bearing enormous unnecessary risks, and ultimately get wiped out.

This also explains why most professional traders spend most of their time — waiting. Without a clear structure, they don’t touch it; without a definite advantage, they don’t make a move. When they do act, they are not thinking "try my luck," but executing a trade based on a clear risk-reward ratio.

The most testing aspect of contracts is actually counter-human nature.

When the market falls into panic, can you stay still? When everyone is frantically chasing the rise, can you keep your greed in check? You set a stop-loss line, but can you stick to it, or do you only regret it afterward?

How do true traders handle risk control? They strictly limit each loss to within their capacity — that’s the baseline. But once a trade moves into profit, they ensure that the profit is large enough, with a risk-reward ratio clearly exceeding 1:1.

It’s not about winning every trade, but about winning big when you do.

So, contracts are not "pure gambling." If you blow up your account, it’s because you operated with a gambler’s logic. If someone is consistently making money, it’s because they are practicing real risk management.

If you are still entering and exiting based on feelings, arbitrarily adding or reducing positions based on mood, then this thing called contracts will only drain your energy more and more. Trading is not achieved by staying up late or reckless effort. The core is knowing when to act and when to hold.

Direction judgment, position size, and risk tolerance — if you don’t understand or calculate these three clearly, any operation is just a random shot in the dark.

Want to upgrade from "gut feeling" to "logical reasoning"? First, get these three things clear. The rest, $AT and $TRU , will come naturally.