#数字资产市场动态 When I first got into trading contracts, I also fantasized about achieving financial freedom through high leverage. The result was market punishment within a week—50x margin, all in, half an hour to wipe out my account. That moment made me realize: contracts are not a tool for getting rich; they are a meat grinder.

Here are some hard truths I learned after being bloodied:

**Leverage is like a poison**

The first time I used 50x leverage, my heart was pounding harder than the market. A 1% increase made me cheer, a 0.5% drop wiped me out. Later I understood: high leverage isn’t a fast track to wealth; it’s dancing on the edge of a knife—you think you’re surfing, but you’re actually bleeding.

**Stop-loss isn’t giving up; it’s the bottom line for survival**

The most painful experience: holding a long ETH position for three days, thinking it would rebound. When I saw my account balance that night, I wanted to hit myself. That’s when I realized, if I had set a stop-loss earlier, I could have at least saved my principal. Many people think like this when holding positions—what happens in the end? Zeroed out accounts, and then regret.

**Mindset decides everything; technical analysis is useless**

The most memorable moment: after three consecutive stop-losses, I was controlled by FOMO. Seeing the top gainers list, I was red-eyed, chasing the rally to the top. Knowing it’s a gambler’s mentality, but I couldn’t stop my finger—at this point, all K-line patterns and support/resistance are nonsense; losing money is just losing money.

**Counter-trend bottom fishing? Don’t be silly**

Once confidently bottom-fished in a bear market, thinking I could catch the bottom price. But the trend was like a steamroller—those in front had only one outcome—being crushed. Later I understood, fighting the trend is the highest form of self-destruction.

**Survival rules learned from blood lessons:**

Use your principal as tuition, always enter with money you can afford to lose. The stop-loss line is a lifeline—don’t negotiate. Missing opportunities doesn’t matter; the market is always there, but your principal is only one. Learning to give up is the key to lasting longer.

My attitude towards contract trading has now changed—it's not greed, but reverence. Respect the market’s brutality, and understand the essence of risk management. Only by living long enough can you make big money.