In perpetual contract short-term trading, the traders who truly survive are often not the most technically skilled, but those with the most stable mindset and strict discipline. Even the most perfect trading system cannot withstand impulsiveness, and no matter how precise the analysis, it cannot beat psychological loss of control. Many people collapse in an instant like this.

Greed and fear are the two most common killers in perpetual contract trading. Some make a little profit and become greedy, reluctant to take profits, always wanting to squeeze out more, only for the market to reverse, turning into a roller coaster ride, and ultimately giving back everything for free. Others, once they incur a loss, are afraid to cut losses, waiting stubbornly for the market to turn around, turning small losses into big ones, and finally losing everything. These two emotions are equally deadly.

There is also the trap of overconfidence. After winning several trades, many people start to swell with pride, increase their position sizes, trade more frequently, and completely abandon risk control. Little do they know, the market will never let anyone win for too long. Conversely, after losing several trades, they may fall into self-doubt, become overly cautious, and hesitate to take any opportunities, missing out on truly good market moves.

How to break free? It’s actually simple: develop a detailed trading plan and then execute it resolutely, without making last-minute changes. Set profit and loss targets, and exit immediately when reached—no bargaining. Most importantly, record every trade, review regularly, and calmly analyze where you did well and where you messed up. By repeatedly reviewing and refining this process, you can gradually recognize the market’s unpredictability and improve your trading discipline. The market is always full of uncertainties; no strategy can guarantee profits, but a good mindset and discipline can help you survive longer.