The contract market seems to offer endless opportunities, but in reality, it tests one word—restraint.

**Can you stay calm during market fluctuations**

Every time the market is volatile, the group chat explodes. Some are eager to buy the dip, others are shouting to run away. Before the Federal Reserve's interest rate meeting in September last year, Bitcoin repeatedly disappointed many investors within a narrow range. How do seasoned traders who survive do it? They either stay out of the market and watch, or use only 5% of their total position to test the trend. Once emotions are driven by the market, stop-loss orders are set and then canceled, positions grow larger and larger, and liquidation becomes only a matter of time. Restraint is not weakness; it’s respect for risk.

**Losses must have a bottom line**

I’ve seen too many people crash like this: lose 10% and want to make it back, add to their position and end up losing 30%, finally going to zero. Mathematics is cruel—losing 50% requires a 100% gain to break even. This is not encouragement; it’s the truth. My trading discipline is simple: no single loss exceeds 7% of the total position. For example, with a 100,000 yuan capital, if it drops to 93,000 yuan, you must stop and review why you made the mistake. This red line is very strict, with no room for negotiation.

**It’s okay to miss opportunities, but missing a stop-loss is hopeless**

People often ask: "Did I lose because I didn’t catch that wave?" The answer is: missing an opportunity is not a loss; impulsiveness is. The contract market is never short of opportunities, but capital is one-time only. Recently, ETH experienced a sudden drop; those rushing to buy in were wiped out by a second drop. Conversely, those who waited for confirmation of stabilization before entering the market survived longer. Restraint in waiting often earns more than aggressive chasing.