Why does the contract market continue to attract a large number of participants, even when liquidation risks are everywhere? The answer to this question is actually quite straightforward.

**The Temptation of Multiplying Returns**

A 50% increase in the spot market is already considered a good return, but if you open a 10x leverage on a contract, you can earn 500% on the same market movement. Not to mention strategies with 50x or 100x leverage—these geometric profit margins make everyone eager to try. Because of this, even knowing the risks, people keep entering the market nonstop.

**A Dual Mechanism for Profit in Both Bull and Bear Markets**

Currently, many cryptocurrencies are declining, with assets like CATI and ACT falling even more sharply—holding spot positions means getting trapped. But contracts are different; you can open short positions, earning more as the price drops. This flexibility to find a direction at any time allows traders to operate regardless of market conditions.

**Psychological Spiral of Ascension**

Contracts are characterized by fast gains and quick losses. This fast-paced nature gradually amplifies traders' greed. The more you earn, the stronger your desire to win on the next trade, leading to larger order sizes until a sudden reversal hits and breaks through your position. Some traders remain calm and exit at this point, but many become more aggressive after losses, attempting to recover through bigger risks, ultimately falling into a vicious cycle.

**Key to Long-Term Survival**

To stand firm in the contract market, several points must not be overlooked:

Timing of opening and closing positions must be precise, as this determines your costs and profits. Risk control and trading strategies must be strictly followed; don’t relax just because of a few successful trades. Pay attention to market news and capital movements to anticipate potential turning points. Every opening position must have stop-loss and take-profit orders in place—these are your last line of defense.

The outcome of contract trading ultimately depends on your mindset. The choice of long or short, entry and exit decisions—all these judgments determine your profit or loss. In this market full of opportunities and traps, maintaining clarity and discipline is the true competitive advantage.