A while ago, after the beneficial landing of Ethereum's merger, the liquidation scale across the network reached 180 million USD in four hours, affecting nearly 80,000 traders who were forcibly liquidated. One retail trader's operation is particularly representative. $ETH

He held 8000U in his account, with a maximum tolerable drawdown of only 400U, yet he recklessly opened a position of 24,000U with 6x leverage. On the surface, the leverage seemed controllable, but in reality, after calculating the position, the actual leverage reached 48x. With Ethereum only dropping 3.5%, it directly triggered liquidation, instantly clearing the account.

In contrast, true veterans would never engage in such reckless behavior. They treat contracts as risk hedging tools rather than chips for betting on direction, spending most of their time waiting for the K-line structure to form and market sentiment to align.

Once they take action, their take-profit and stop-loss points are clear; they exit once they have made enough profit and never frequently trade to contribute fees to the platform.

I have always believed that the core to surviving in the contract market is the word "restraint." A single loss should be strictly controlled within 5% of the account, and during profitable times, there should be ample room for profit to run. This is the approach that aligns with capital management logic.

Those who say contracts are gambling actually fail to distinguish between the luck of heavy positions chasing spikes and drops, while surviving depends on position allocation, stop-loss discipline, and probability calculation. The outcome of reckless trading is already predetermined; only with methods and rules can one go far. If you want to change the current situation, you must first set up a good risk control framework.

If you really want to change the loss situation, it is better to follow the rhythm of a professional team earlier. I, A Cat, do not boast or make empty promises; I only share practical risk control experience that can help survive in the crypto circle. The team still has a few spots available. Do you want to walk the stable road together? It’s up to your own choice.