Having been in the crypto contract trading space for 8 years, my deepest insight is: this game is never about luck, but about having a strategy.

I've seen too many stories. When prices fall, panic and chase longs; when prices rise, impatiently buy shorts; with no strategy at all, ending up watching accounts shrink. Thinking about it, these failures seem to be caused by the brutal market, but fundamentally, it's their chaotic operations.

I've summarized some practical tips that might help you avoid pitfalls.

First is position management. Always remember, small positions are the way to survive. Keep each trade's size within 10% of your total funds. This way, even if you make wrong judgments, you have multiple chances to recover. Many people go all-in right away, and one mistake means they’re out. How can they continue trading like that?

Next is stop-loss execution. Once you set a stop-loss point, stick to it ruthlessly. Never rely on luck or think "it will come back if I wait." Those who violate stop-loss rules usually pay a hefty tuition fee.

Regarding trading direction, following the trend is crucial. Don’t chase a few points of rebound or try to buy the bottom during a pullback. The real profits are in the middle of the trend. Respect the trend and go with it—that’s the fundamental rule for survival.

The risk-to-reward ratio must also be well controlled. My experience is to keep it within 1:3 before entering a trade. If the risk-reward ratio doesn’t meet this standard, don’t trade. This way, you can maintain a positive expected value over the long term.

Another often overlooked point is trading frequency. The more frequently you operate, the higher the chance of mistakes, and the more fees you pay unnecessarily. It’s better to trade less but more accurately.

It’s better to miss out than to make mistakes. If the market is unclear, don’t chase highs or lows. Exit timely and wait for the next opportunity. Often, doing nothing is the smartest decision.

Finally, the most important thing is mindset. If you suffer a large loss in a single day, stop trading immediately. During emotional swings, don’t touch contracts—your judgments are usually unreliable at those times. Technical analysis is just an aid; mindset is the key to winning or losing. Keep your composure, and you can go further in the crypto world.

There are no shortcuts on this path—only strategy + mindset + persistence.