$pippin , to be honest, contracts are really unfriendly to newbies—crank up the leverage and you’ll get a harsh lesson in minutes, with your account balance wiped out just like that.

I’ve stumbled before when I first started out. That feeling of watching your principal evaporate right before your eyes? It’ll seriously keep you up for days.

The most common mistake beginners make is lacking risk control awareness. Some people get impulsive and go all in, only to lose everything, principal and all.

How can you avoid making the same mistakes? Here are a few hard-learned lessons I’ve summed up:

**1. Never go all in on your position**
Forget about getting rich in one shot. Start small and build up slowly—surviving is more important than being fast.

**2. Always set a stop-loss**
Decide how much you’re willing to lose and stick to it—don’t count on luck. Whether you’re trading short-term or swing, set your red line in advance.

**3. Don’t force it after a losing streak**
If you get several trades wrong in a row, step back. It’s better to adjust your mindset than to try and win it all back by force.

**4. Follow the trend**
Go where the market is leaning. Trying to catch the bottom against the trend? That’s just paying for a lesson.

**5. Don’t be an echo chamber**
Just following others’ calls without thinking for yourself? The result is others profit while you take the fall.

In short, contracts are indeed risky, but as long as you stick to your principles and have good judgment, blowups can actually be avoided.

Remember this: bull or bear markets will both pass—only those who know how to adapt will have the last laugh.