I've seen too many people doing contracts, turning a few thousand into hundreds of thousands, only to be completely wiped out by a single harsh market move. When asked what happened, eight out of ten say the market was too fierce and they had bad luck. But that's not the real reason.

Most accounts blow up not because the market swings wildly, but because they fail to cut losses.

I experienced this myself early on. I kept thinking, "Just a little longer, it will rebound," and as a result, I held ten times, only to be completely forced out on the tenth. Later, I realized that all margin calls start from "just a little longer." That's when I understood a harsh reality: survival isn't about high win rates, but about stop-loss.

Now my trading logic has become simpler. Before opening a position, I first determine my bottom line—the maximum loss I can tolerate. If I reach that point, I exit immediately, no exceptions. The core logic is simple: trading isn't about turning things around in one shot, but about avoiding getting wiped out in one go.

When I make profits, I gradually move my stop-loss up—locking in some gains and preventing all the profits from slipping away. There's also something many overlook—emotional stop-loss. After a series of losses, I exit calmly; after a series of wins, when I feel overly excited, I reduce my position and withdraw profits. Trading driven by emotion is essentially gambling.

In fact, stop-loss isn't about admitting defeat. Truly skilled traders are not those who never make mistakes, but those who can admit errors quickly and withdraw fast. Staying steadily in the game gives you the chance to catch the next market wave.

Market opportunities are never lacking. What’s missing is the capital to survive until the next opportunity.