Many people treat trading contracts like gambling—buying long immediately after a price drop, rushing to short when it rises. Losing money is just a matter of time with this approach.

Contract trading requires planning and strategy; it can't be done randomly like a headless fly. Having been in the crypto space for 8 years, I’ve stepped on countless pits and summarized these practical tips to share with everyone:

**Position Management is Fundamental**—Keep each trade’s position within 10%. Light positions help you survive longer. Once you set a stop-loss, stick to it strictly; don’t move it around casually—that’s a battle with yourself.

**Follow the Trend is Key**—Don’t try to catch the bottom or top. Avoid interfering with rebounds and pullbacks; once the trend passes, let it go. Keep the risk-reward ratio within 1:3; even if you’re wrong a few times, you can still break even.

**Mindset Determines Success or Failure**—Frequent trading only increases the chance of errors. Better to miss a thousand times than make one mistake. When losses are too big for the day, it’s best to stop. When in a bad mood, don’t place orders—your judgment is often worst at these times.

Ultimately, technical skills are not the top priority; psychological resilience and risk awareness are the primary productivity factors in trading. Many people are ruined by greed and impulsiveness.