That moment when I saw the "Forced Liquidation" notification on the screen, I didn't sleep all night, trembling with cold. The six-figure balance in my account instantly shrank to just a few thousand dollars—this was the moment my last dream of "getting rich overnight" truly shattered.

How did I end up here? Looking back, when I first entered the Bitcoin futures market, my mind was full of greed. At that time, I firmly believed that high leverage meant high returns, and chasing gains and cutting losses based on intuition became my daily routine. I would often go all-in with heavy positions and trade against the trend. The worst experience was when Bitcoin plummeted in the early morning, and my 5x leveraged long position was instantly liquidated, causing my entire account to shrink directly.

It was this bloody lesson that made me realize a truth: this is not a casino; it’s a game of testing human nature. Now, I have achieved stable profits for several consecutive years. Those past pitfalls have now become my wealth.

**First Iron Law: Survive to Have a Chance to Turn Things Around**

The market is never short of opportunities, but once you get liquidated, there’s really no chance to come back.

My current approach is very simple—the "1% Stop-Loss" rule. The maximum loss per trade is limited to within 1% of the account’s net value. For example, if the account is $100,000, then the maximum loss on a single trade is $1,000. Once this number is reached, stop-loss immediately—no hesitation.

Sounds conservative? But here’s a math problem: to lose 50% of a $100,000 account down to $50,000, you need to lose half. But to recover from $50,000 back to $100,000, you need to make 100%. With one liquidation, you need several times the profit to fill that gap.

**Second Iron Law: Don’t Operate Frequently; Quality Matters More Than Quantity**

In my early days, I could make a dozen trades a day. And what was the result? My body was exhausted, and trading fees kept eating away at my principal.

Now I set strict limits—only take opportunities I am confident in each week. I’d rather miss some chances than trade recklessly. Market trends come and go, but the truly profitable opportunities are actually just a few. Focusing on analyzing trends and managing risks is much more meaningful than blindly chasing trading frequency.