#美国非农就业数据未达市场预期 When the account is wiped out, I finally understand what the cruelty of the market really means — traders who don’t know how to cut losses are just automatic withdrawal machines in the eyes of the big players.

Why do so many people end up losing everything? Honestly, it’s not because the market is fierce or because of bad luck; it’s simply because they don’t take risks seriously. A single phrase like "wait a bit longer," and many accounts are gone just like that.

I’ve also suffered losses myself. In 2023, when BTC was falling, I stubbornly used leverage to short, thinking I’d wait for a rebound to exit — but I was directly liquidated by the opposite move. Then, in 2024, during the SOL rally, even more absurd things happened: I chased a 10x short, and in the blink of an eye, my account was wiped out. At that moment, I had a complete epiphany: instead of chasing win rates, it’s better to master the art of stop-loss.

Now, my trading logic boils down to these principles, which are not overly complex but have kept me alive:

**The first principle is to stay alive.** For any position opened, set a stop-loss immediately. The algorithm is simple: stop-loss range = 1 ÷ leverage multiple. Use 5% stop-loss for 20x leverage, 10% for 10x leverage. With a 10,000 yuan capital, the maximum loss is 500 yuan — no matter how big the pit, it can’t be dug through.

**The second is to adjust with profits.** Floating gains are not for dreaming; they’re for locking in results. When you make 5%, move the stop-loss to break even, at 10%, lock in at least half the profit, and above 20%, keep the stop-loss at a 15% buffer. It’s like saving game progress — always save your wins.

**The third is to manage emotions.** After a few consecutive losses, close the app and go for a walk. When you earn a lot, take out some profits first. Emotional trading is basically giving money to the big players.

Futures trading is never about courage or luck. True winners play with discipline and risk control. Stop-loss isn’t about being cowardly; it’s your weapon to survive in this market. Crypto trading opportunities are always there, but the most valuable thing is the capital that allows you to see the next wave of行情.