#美联储重启降息步伐 $BTC $ETH

To be honest, trading contracts without setting a stop-loss is basically like running naked.

I've seen too many stories of people getting liquidated. When many people first start trading contracts, they think using just 1x or 2x leverage is safe, and if they can just hold on through the market swings, maybe they’ll break even. This kind of wishful thinking might get you by during sideways markets, but when you encounter a real, violent one-sided move—like when Bitcoin recently rocketed from 110,000 to 126,000—you suddenly realize that holding on has no end. It feels like standing on the edge of a cliff, with the ground crumbling beneath your feet, and you're still thinking, "Maybe I should wait a bit longer."

What's the biggest difference between veterans and newbies? It's what they think about before opening a position. Newbies focus on "how many times can I multiply my money on this trade," while veterans' first thought is "what’s the most I can lose on this trade." They set the maximum loss they can handle first—1% of their principal? 2%? Or even more conservative? Then they work backwards to find the stop-loss point. If you reverse this order, your whole trading logic gets flipped.

A lot of people think setting a stop-loss is cowardly, but it’s actually the opposite. Stop-losses give you an exit strategy: if you’re wrong about the direction, cut your losses and start again; if your entry wasn’t ideal, exit, adjust, and look for another chance. This is much smarter than being stuck deep in a losing position. Cutting losses hurts, but the pain is over quickly; holding on brings ongoing pain, and it can be fatal.

What’s even worse is when some people turn a losing position into so-called "long-term holding." Being stuck for half a month or half a year might look like persistence, but in reality, you’re completely trapped by one bad decision. Your capital is locked, and your attention is stuck too—when new opportunities come, all you can do is watch, because your position is full and you can’t move at all.

This is the worst thing in contract trading: sacrificing all your future possibilities to keep paying for a single mistake from the past.

Remember, survival is more important than anything else.