At the moment my account was wiped out, I truly understood what cruelty means — a contract trader who doesn't cut losses is just an automatic ATM in the eyes of the market maker.

Looking back at those stories of accounts going to zero, you'll notice a pattern: no matter how fierce the market or how bad the luck, it’s not the ultimate killer. The real problem is that most people never take risk seriously. The phrase "just wait a bit" is enough to wipe out an entire account.

I've also suffered losses myself. In 2023, when BTC dropped, I shorted with leverage, thinking I’d cut losses after a rebound, but the market moved against me and wiped me out; in 2024, when SOL took off, I went 10x leverage to short, and in the blink of an eye, it was zero. That moment made me realize — the importance of stop-loss far exceeds your win rate.

Here are the trading rules I follow now:

**First, beginners must stay alive.**
The first step in opening a position is setting a stop-loss. How to set it? Use the inverse of leverage. For 20x leverage, set a 5% stop-loss. If you invest 10,000U, you can lose at most 500U, so no matter how much you lose, you won’t die.

**Second, protect your profits.**
Floating gains are not for dreaming but for locking in profits. When floating gains reach 5%, move your stop-loss to the cost price; at 10%, lock in at least 5%; at 20%, leave a minimum of 15%. Just like saving before a boss fight in a game, secure your gains at each stage.

**Finally, don’t let emotions control you.**
Exit the app after a few consecutive losses; take out some profits after a big win. Emotional trading is basically actively giving money to the market.

Contracts are never about who is braver or luckier; it’s about discipline and risk management. Stop-loss is not admitting defeat; it’s your life-saving talisman in the market.

Opportunities in the crypto market are never lacking; what’s most scarce is having enough capital to stay in the game when the next opportunity arrives. Stop reckless trading and losing money. Consistently earning and steadily eating profits — that’s the right way.