When trading contracts, my understanding is this: 30% depends on skills, 70% depends on mindset. The skills include basic knowledge, position management, trading discipline, and market experience, but these are just the fundamentals. The true key to victory or defeat lies in your mindset.

The first priority in contract trading is to stay alive. It’s not about how much you earn or how quickly you earn it; it’s about survival. When the market rises and falls, and others keep getting liquidated, you continue trading—this is the greatest success in contracts. Recent market movements clearly show this: many people got wiped out chasing highs and selling lows.

The most frightening aspect of contracts is that they amplify human greed and fear infinitely. Without a strong inner strength, you simply can’t play this game. Don’t envy those around you who make tens of millions or multiply their holdings in a month; such information only disrupts your rhythm. The core of controlling your trading mindset is to stay rational and keep a clear head at all times. Achieving a state of calm, unaffected by external things— I know this is difficult, but it’s worth doing because it’s hard; otherwise, no one will pay for your losing control of your mindset.

How to do it? First, maintaining the right mindset is crucial. All my trading operations strictly follow my system; opening and closing positions, taking profits and stops, adding or reducing positions—all must be consistent. I’ve always believed that skills are important, but in high-risk contract trading, mindset is even more important.

Second, many people chase highs and sell lows in volatile markets. What’s the result? The price doesn’t move much, but their holdings shrink more and more, and their morale is crushed. You must strictly control your trading frequency. Too many in the crypto world are eager to get rich overnight, and this mindset easily leads to frequent operations and overtrading, ultimately causing you to be unaware of how you got liquidated.

Calm down, protect your principal, and stick to discipline—that’s the secret to long-term survival.