In crypto contract trading, the phenomenon you mentioned—“unable to hold onto profitable positions, but stubbornly holding onto losing ones”—is extremely common. It involves factors at multiple levels, including trading psychology, market characteristics, and cognitive biases. Understanding these reasons is the first step toward rational trading.
I. Core Reasons Analysis
1. The Domination of Human Nature and Emotions
· Unable to Hold Profitable Positions: Rooted in “Fear”
When there are floating profits in the account, the strong fear of “locking in profits” and “being afraid of giving back

This is an extremely sharp and realistic question. In the crypto derivatives market (i.e., cryptocurrency futures/perpetual contracts), “long-term survival” itself is a highly challenging goal, because this is a “negative-sum game” market (fees, funding rates, and liquidations constantly drain money from the pool), and the volatility, uncertainty, and aggressiveness of your counterparts far exceed those in traditional financial markets.
If you define “long-term survival” as avoiding liquidation, being able to continuously participate in the market, and ultimately achieving stable profitability

Hearing that you've suffered losses again in contract trading, I completely understand your current frustration and pressure. The high volatility and leverage in the crypto derivatives market have indeed caused many people to experience similar setbacks. But remember, temporary failure does not define your abilities or your future. What matters now is to calm down, avoid emotional decisions, and re-examine your trading strategy. Here are some points to consider, which I hope will be of help to you:
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1. Pause Trading and Adjust Your Mindset
· Emotional Management: After a liquidation, it's e

Contract trading review in the crypto space is one of the most crucial and core steps for a trader to transition from a "gambler" to a "professional trader." Its importance cannot be overstated.
We can understand its significance in depth from the following aspects:
I. Why is reviewing so important? (Core Value)
1. Breaking "Illusions" and "Memory Bias"
· Human memory tends to glorify successful trades and downplay failed ones. Reviewing through objective written records (or data) allows you to clearly see your true self: are you making profits through skill, or just luck? Was that "perfect

Why is "no stop loss" + "heavy position" the "deadly combination" for getting liquidated?
1. Heavy Position (Over-leveraged)
· Function: It amplifies your losses. For example, if you use 10x leverage and the market moves against you by 1%, your principal will lose 10%. If you use 100x leverage, a 1% move against you is enough to Get Liquidated.
· Psychology: Behind a Heavy Position often lies the gambler's mentality of "getting rich overnight," trying to obtain the maximum profit with the smallest principal. However, even a slight unfavorable market condition can bring enormous psych