#永续合约交易 Seeing this case, I want to discuss the psychological issues behind perpetual contract trading.

The first place on the leaderboard with a profit of $47.21 million is indeed astonishing, but the phrase "no longer expecting to break even" reveals a painful truth — even top traders can find themselves in a dilemma with certain positions. This is not a technical problem, but a human nature issue.

The magic of contract trading lies in leverage, which can quickly amplify gains. The tempting part is that some people have succeeded. But this is also its most dangerous aspect. When you use 5x, 10x leverage, every market fluctuation is magnified infinitely, and your mindset can easily shift from "rational decision-making" to "gambler's mentality." Holding on after being trapped, or rushing to recover losses by adding positions, often leads to even deeper pits.

My view is: perpetual contracts are not a tool for making money, but a tool for risk management. If you do not have a clear stop-loss plan, strict control of risk exposure, or limit your investment to an affordable range, then it’s like a double-edged sword — no matter how advanced your skills are, greed can still be your downfall.

The true Web3 spirit is not about making quick money through high leverage gambling, but about finding long-term valuable tracks, rational allocation, and patient holding. Risk is always the price of return; there is no free lunch. Instead of focusing on how to shine on the contract leaderboard, spend time understanding the fundamentals of projects — that kind of return is sustainable.