Are your contract accounts still repeatedly losing money? I've seen too many traders get chopped up during market fluctuations. It's not really a technical issue, but a matter of trading discipline. Today, I’ve summarized my past pitfalls into 6 ironclad rules. Follow them to avoid many detours.

First, let's talk about take profit and stop loss. These two sound simple, but executing them is deadly. Take profit means giving up greed, and stop loss means admitting mistakes. Profits in the crypto world are endless, but your principal can be wiped out in one go. Instead of fantasizing about doubling your money, it's better to admit mistakes in time. That’s the key to longevity.

Second, avoid frequent trading. Many people want to catch both bullish and bearish moves, but what’s the result? Fees eat up everything, and the exchange profits from your trades. Catching one good trend is enough; greed often leads to the biggest losses.

When you don’t understand the market, staying in cash and waiting is much more comfortable than blind trading. Missing out might be regrettable, but liquidation will be deadly. Trading is fundamentally a probability game; it’s not something you win through impulsiveness.

Accumulating small wins is also crucial. Don’t obsess over getting rich overnight. Small, steady gains accumulate over time, and consistent profits are far more valuable than short-term big wins. Also, never go all-in with heavy positions. Any sudden news can trigger a margin call instantly. Light, cautious trading is the secret to long-term survival.

The last and most important rule: unity of knowledge and action. Understanding principles doesn’t equal making money. What truly matters is mindset, discipline, and execution. I’ve also blindly charged ahead in the dark nights of crypto, falling countless times before realizing these truths. Contract trading is never about who makes money faster, but about who survives longer. I hope you can learn from these experiences and break free from the cycle of losses early.