$GIGGLE contract market is like an invisible minefield. Many newcomers step in for just two or three days, and their accounts end up paying tuition. You might think you're dealing with the wrong person, but in fact, most liquidations stem from a few simple mistakes—just a handful of deadly operations repeatedly happening. Once you understand these pitfalls, your survival rate can double immediately.

**Leverage is a double-edged sword; reckless use is deadly**

Some rush to turn things around, starting with 50x or 100x leverage. It sounds exciting, but in reality, a slight market shake can wipe out your account. The most intuitive comparison: 5x leverage requires a 20% move to double your position, 10x only needs 10%, and at 50x? Just a 2% move can make you cry. The safer approach is to use 3-5x leverage, leaving some buffer space. Of course, even with conservative leverage, position size should be adjusted accordingly.

**Stop-loss is not optional**

People who hold positions tend to say, "It should come back, right?" or "I've lost so much, just hold on." But what happens? The more they hold, the more they lose, and the more hopeless they become. The correct rhythm is to set your stop-loss at the moment you place the order, for example, at 3%. Once in profit, immediately switch to a trailing stop-loss to lock in gains.

**All-in and go all-in, losing everything in one shot**

The most dangerous moment is when someone says, "This is a sure thing, all in!" then the market reverses, and the account is wiped out. How to calculate a reasonable position size? Use this formula—single position = total funds × 2% ÷ leverage. For example, with 10,000 USDT and 10x leverage, the maximum single position is 200 USDT. Remember this iron law: never risk more than 5% of your total funds on a single trade. Never go all-in.

**Emotions are the biggest enemy**

During a surge, FOMO kicks in, and you can't resist chasing the move; during a plunge, your mind goes blank, and you run to cut losses. Statistics show that over 80% of liquidations happen during these emotional moments. The solution is simple—mentally review your entry, take-profit, and stop-loss plans beforehand, then stick to them rigidly. Don't stay up all night watching the charts; reduce the interference of distracting information.

**Slippage and platform mechanisms you need to understand**

During intense market swings, some platforms may experience slippage, where prices suddenly spike down to trigger your stop-loss, then bounce back up. This feeling can be explosive. To deal with this, choose reputable exchanges with large scale and stable trading volume as your first line of defense. Also, avoid trading during major events—interest rate announcements, key economic data releases—when unexpected market moves are more likely to hit you.

Contract trading has no shortcuts; those who consistently profit do so through discipline and risk management.