Traders involved in derivatives trading all understand that this path can be much more profitable than imagined, but losses can also come unexpectedly. Many newcomers with dreams of getting rich quickly jump in, only to be knocked back to reality in less than a week. What I want to share is not some "get rich overnight secret," but my real experience of starting with an initial capital of 6,800 and stumbling my way up to 480,000.

To put it simply, it's one word: discipline. Without it, even the most brilliant technical analysis can't save you.

**First Pitfall: Reluctance to Cut Losses**

When I first started, I also blew up my account. The root cause was the same as most people—losing and then trying to gamble on a rebound. What was the result? The loss grew bigger and bigger, until I had nothing left. Cutting losses isn't about giving up; it's about preserving the chips to trade again. Now, before I open a position, I set a stop-loss. As soon as it's hit, I exit automatically—no hesitation. No one in the market will sympathize with luck-based thinking. Knowing when to walk away is more important than any analysis.

**Second Pitfall: Continuously Placing Orders and Forcing Trades**

When the market is chaotic, everything you do is wrong. I’ve experienced days of five consecutive losses, and at that time, my mind was about to explode. I desperately wanted to recover with the next trade. Fortunately, I set a rule: after five consecutive losses, I immediately shut down and take a break, strictly forbidding against-the-trend fighting. This rule has saved me many times. Often, the next day when I review the charts, the trend becomes much clearer. Stopping is not a waste of time; it’s about protecting your capital and avoiding falling deeper into the trap.