Many people engage in contract trading, but only a few truly survive. I have also taken wrong turns, from being ruthlessly crushed by the market to gradually finding a stable rhythm. It’s never about talent or luck, but always about a strict set of self-discipline rules.

Always leave room in your positions. Going all-in once is enough; that feeling is like walking on the edge of a cliff. My current approach is to halve my positions each time. With limited capital, you have to do the math. Poor risk management makes even the smartest judgment useless.

If you make the same mistake twice with the same coin, you must stop trading. Often, it’s not the market’s problem but your emotions starting to get out of control. Either switch to a different coin or take a break. Continuing to force trades will only deepen the trap.

Set stop-loss orders before placing trades; this is not optional. Even with high confidence, always set a stop-loss because nothing is 100% certain. Cut small losses quickly—many liquidation cases happen because traders can’t bear to accept those losses.

If the market has no rhythm, don’t touch it. When the structure is chaotic, volume is low, and popularity is scattered, entering the market only invites trouble. Better to stay on the sidelines and wait.

Getting envious of others’ gains is the easiest way to disrupt your rhythm. Everyone’s trading system is different. Seeing others make huge profits can make you itchy, but the result is often losing even faster by copying their style. Sticking to your own plan is the long-term strategy.

When there are no good opportunities, stay out of the market. Those who treat trading as a task tend to end up losing money. Taking a break is also part of trading.

Never add to losing positions to try to recover; this is the biggest trap. Stay small and observe, or simply rest. Rushing to turn the tide will only lead to a complete loss.

If you don’t understand the structure, don’t do short-term trading. Short-term relies on rhythm and timing. If you get the rhythm wrong, even the right direction is useless.

Don’t force opportunities. The market fluctuates daily, and real opportunities will surface on their own. Patience and waiting are always more profitable than rushing into trades.

The last point is review. Clearly record the reasons for entering and exiting each trade, note any regrets, and analyze deeply. Your trading height depends on your ability to learn from these reviews. The market never lacks effort and opportunities; what’s missing are those who can stay steady amidst the waves.