Friends, let's be honest with everyone.

After years of navigating this market, I've seen countless people make quick money and lose it just as fast, seen so-called experts get wiped out overnight. In the end, I realized that in contract trading, technical skills are not the most important. What truly separates people are the simplest things—discipline and mindset.

I've met traders with extraordinary talent who ultimately lost to their own greed. I've also seen seemingly ordinary people achieve steady profits year after year. Guess what the difference is? It's whether they can stick to those basic principles.

**Stop-loss is actually buying insurance**

Many people dislike stop-loss, thinking it's giving up. My view is completely the opposite—stop-loss is about protecting yourself.

In my early days, I also made foolish mistakes. Two consecutive stop-losses made me feel frustrated, eager to recover losses, but the more I traded, the more panicked I became, and eventually, I blew up my account. After that, I set a strict rule for myself: after losing two trades in a row, I immediately leave the computer and wait until my mood stabilizes before trading again. The logic behind this is simple— as long as the money is still there, there's a chance to turn things around. Losing a little bit of money is nothing; the real danger is risking your entire capital. True experts know how to control their emotions, trading calmly like a machine.

**Position control is controlling your life’s key**

I've seen the most tragedies start from full positions. Beginners always think about doubling their money in one shot, but a single adverse move can wipe everything out.

What do I do now? I never risk more than 10% of my total capital on a single trade. Sounds slow, right? Yes, it is slow. But the benefit is that I can sleep peacefully. Position control is the foundation of risk management; once it's loosened, the entire building will collapse.