Eight years ago, I pooled 8,000 yuan with my roommate and started to hustle in the crypto world. Those days were tough — staring at K-line charts while eating instant noodles during the day, taking turns guarding the market until dawn at night. The harshest week, I didn’t even get to enjoy hot dishes. Repeated misjudgments of XRP’s movements caused my fingers to wildly fluctuate between closing positions and adding to them.

Now, my account has three more zeros, but it’s not luck. It’s the price paid through two margin calls, half a box of instant noodles, and countless sleepless nights. #数字资产市场动态

At 2 a.m., I started receiving more private messages: "Third margin call, my wife threw my luggage out..." I get about eight such messages every week. Many treat contracts as an ATM, but in reality, it’s a honey-coated meat grinder — money comes fast, and it’s gone just as quickly.

My trading approach isn’t fancy: divide the principal into ten parts, only move one-tenth each time. Even in a booming market, I never add to my positions. These are a few ironclad rules I’ve learned through eight years of blood and tears:

**Stop-loss cannot wait**
Initially, I was lucky not to set a stop-loss, but a single market move wiped out my account, leaving me in debt. Since then, I’ve understood — the stop-loss line is a lifeline. Half a second of hesitation is a luxury I can’t afford.

**Close after five consecutive losses**
Install a "circuit breaker" for yourself: after five consecutive losses, immediately shut down your computer and go for a walk. The market is an opponent you can’t afford to provoke; stopping is what keeps you alive longer.

**Take profits and cash out**
The numbers on the screen are virtual. When I make 3,000 yuan, I transfer half to a safer account. The notification sound from my bank is the most reassuring sound.

**Don’t touch markets you don’t understand**
When the direction is unclear, leverage becomes a death sentence. Instead of risking being liquidated for missing out, it’s better to close your eyes and wait for certainty.

**Over-leveraging is the accomplice of greed**
Always operate with only 30% of your funds. Light positions aren’t about being timid; they’re about reserving bullets for clear-headed thinking.

Contract trading isn’t a fast track to getting rich — it’s a long-term battle. The pitfalls here are more numerous than opportunities — high leverage, false signals, human greed — any of which can wipe out your capital.

Want to turn things around in crypto? Don’t overthink it. Using the right methods is the key.