#密码资产动态追踪 When an account goes to zero overnight, I finally understand one thing: leverage traders who don’t understand stop-losses are essentially the automatic ATM machines for the market makers.

Why do the vast majority of people in the contract market end up losing everything? It’s not because the market is too brutal, nor is it just luck; the fundamental reason is one—there is no risk awareness at all. Many are psychologically hijacked by thoughts like "just hold on a bit longer," only to have their accounts wiped out.

I’ve also taken many hits myself. During the BTC downturn in 2023, I used leverage to short, always thinking I’d close the position after a correction, only to be liquidated by a sudden surge; then in 2024, during SOL’s sharp rise, I stubbornly chased a 10x short, and in the blink of an eye, it was all gone. That moment made me realize: a proper stop-loss strategy is far more valuable than just winning percentage.

Now, my trading framework is very straightforward:

**First: Beginners must survive first.**
As soon as you open a position, set a stop-loss immediately. The stop-loss percentage is calculated with this formula—stop-loss% = 100 ÷ leverage multiple. For example, with 20x leverage, the stop-loss is set at 5%. Using 10,000U as an example, the worst-case loss is 500U, and the account won’t crash all at once.

**Second: Actively protect unrealized gains.**
Profits are not for dreaming—they’re for insurance. When floating profits reach 5%, move your stop-loss up to your cost basis; at 10%, lock in at least 5% profit; at 20%, tighten the stop-loss to 15%. It’s like frequent save points in a game—each stage’s gains must be secured.

**Third: Emotions also need stop-losses.**
Losing several trades in a row? Don’t keep staring at the screen—go for a walk; making a lot of profit? Quickly take some out. Trading driven by emotions is basically throwing your money away.

In essence, contract trading is never about courage or luck of the chosen ones; it’s about discipline and genuine respect for risk. Stop-loss isn’t surrender—it’s the confidence to survive in the market. Opportunities in the crypto market are countless, but what’s truly rare is the capital that keeps you alive to participate in the next wave of opportunities.