#数字货币市场洞察 Friends trading contracts, take note: not setting a stop loss = running naked

$BTC $ETH

When it comes to contracts, survival is more important than anything else.

This market is never short of stories about people getting trapped. Many come in full of confidence, thinking opening 2x leverage during a sideways market isn’t a big deal—they might even make it back if they’re lucky. But here’s the issue: what if Bitcoin suddenly surges from 110,000 to 126,000 in one go? That’s when you realize you simply can’t hold out by sheer willpower. In the end, you’re not thinking about how much you can make, but “how many more days can I last?”

Those who truly understand the game ask themselves before opening a position: “What’s the maximum loss I’m willing to accept on this trade?”

1% of your capital? Or 2%? Set this number in stone first, then work backward to determine where your stop loss should be. That’s what real trade preparation is. Don’t think about profits first—think through the worst-case scenario. That’s the rule for survival in trading.

A stop loss is never admitting defeat. Picked the wrong direction? Cut the loss and move on. Wrong entry point? Switch positions and try again. That’s far more rational than stubbornly holding on to a losing order. Taking a loss stings, but holding until liquidation is deadly.

The worst are those who turn their losing orders into “belief.” Half a month passes, half a year passes, and those stuck positions are still sitting in their account. They call it persistence, but in reality, they’re trapped by a bad decision. It’s not just your money that’s tied up—it’s your attention too. When new opportunities come, you can only watch, unable to act.

This is the most costly thing in trading: sacrificing all future possibilities to keep paying for past mistakes.