In the crypto contract market, surviving longer is more important than making quick profits. Many people disappear after their first week in the market, not because of bad luck, but because they started off on the wrong foot.

I've seen too many examples: beginners entering with 50x or 100x leverage, thinking that this will lead to faster gains. But what happens? A slight market fluctuation can wipe out their account completely. High leverage is like a double-edged sword; it seems to amplify profits quickly, but in reality, it’s a direct path to liquidation.

I personally use 3-5x leverage, which is enough to feel the market’s volatility while leaving room to breathe. Think about it from another angle—at 10x leverage, a 10% price move against your position can liquidate you; at 3x leverage, you can withstand the same fluctuation. That’s why higher leverage means less margin for error.

Another deadly mistake is not setting a stop-loss at all. Many traders open a position and say, "Let’s wait and see, it might go back up," only to be repeatedly taught a harsh lesson by the market. My trading rule is simple—always set a stop-loss when opening a position. This isn’t to limit your profits but to protect your capital when your judgment is wrong. When the price moves in your favor, I gradually raise the stop-loss to lock in profits and participate in larger market moves.

Finally, position management truly determines how long you can stay in the game. I’ve seen many beginners go all-in right away, only to be wiped out by small fluctuations. The amount of capital per trade must be strictly controlled so that even if you hit a few bad trades in a row, your account can still hold up.

Risk control is never about limiting your gains; it’s about ensuring you have enough capital to participate in the next market opportunity.