#美国初请失业金人数 Most people think that contracts are just betting on the direction - bullish go long, fall shorting, and if you're right, you win effortlessly.

But the lesson I learned with real money is: direction is just the ticket to enter, but how to survive afterwards is the real skill.

When I first started with contracts, it was like a reverse ATM.
In half a year, I burned over 600,000, and the amazing thing is that every time my direction was correct, yet my account kept getting wiped out round after round.

At that time, I really thought I was being targeted. I stared at the delivery records for several days before realizing - it wasn't bad luck, but I had stepped into three dead pits.

**The first one is called "jumping the gun".**

When the market shows a bit of movement, I just want to rush in, and when I see a breakthrough signal, my eyes light up.
So what? Eight out of ten times it's a false breakout.
The manipulators are just waiting for people like you who are easily swayed; with just a little push, your margin will turn into money in their pockets.

**The second one is called "tight hands".**

At that time, I set my stop-loss very tight, running at three to five points.
Feeling secure actually exposes oneself.
Contract volatility is inherently wilder than spot, and you can't withstand normal pullbacks with such a small distance.
I can't remember how many times I've been forced out by fake falls, and then I watched helplessly as the price soared in the direction I predicted. It's a feeling that's hard to describe.

I understand now -
Stop-loss cannot be like carving a boat to seek a sword; it needs to adjust according to the market rhythm.
Give a little more space during times of high volatility, don't raise the white flag at the first attempt.

**The third one is called "All In".**

At that time, I would go all in whenever I got excited, entrusting the fate of my account to just a few candlesticks.
What does it matter if the direction is accurate? As long as the market throws you a couple of times, your capital is gone.
I still can't forget the scene of the night of the liquidation—
The screen is still lit, the balance has turned to zero, and I feel like I've crashed.

Later I forced myself to change.
Positions must be taken in batches, leaving no opportunity for impulse.
Use a range for stop-loss, don't keep staring at fixed points.
Is the market not ideal? Not trading is also a form of operation.

The thing about contracts is that having the right direction is just the starting point. Being able to protect profits, withstand drawdowns, and control emotions is the key to determining how long your account can survive.