#MSCI未排除数字资产财库企业纳入范围 Why are there so many news reports about contract liquidations, yet people keep jumping in wave after wave?

Honestly, it's not because they have admirable courage, but because they simply don't understand what they're doing.

Many traders see exchanges offering 5x, 10x leverage and get excited, thinking they're really taking on 5 times the risk.

However—

You have 10,000 USDT in your account, and the most you can lose is 500. Yet you open a position of 30,000 USDT.

On the surface, it's 5x leverage, but the actual risk you're controlling has skyrocketed to 60x.

You think you're as stable as a rock, but in reality, you haven't even run the numbers on a calculator.

People who truly make money from derivatives are thinking of one word:

Probability.

In essence, contracts are not a casino; they are a mathematical game of risk hedging.

Your profits come from those who miscalculate and get liquidated.

Because of this, professional traders are never trading maniacs.

They spend a lot of time standing still—waiting for candlestick patterns, key levels, and market sentiment shifts.

If the market isn't in the right position, they'd rather hold cash and sleep than force a trade.

What about retail traders?

Their eyes glued to the screen, fingers can't stop, and as soon as the market moves, their brains heat up.

The final outcome is: getting worn out by oscillations, losing chips to their own greed.

For derivatives to survive long-term, it all boils down to two words:

Self-discipline.

When everyone is panicking, you need to stay calm; when everyone is rushing to buy, you need to defend.

Stop-loss must be strict—the maximum loss per trade should be capped at 5% of your account. That's an iron law.

But once you've nailed the market, you should dare to let profits run,

At least two or three times the stop-loss amount, so that over the long term, there's a positive expected value.

Stop promoting the idea that "derivatives are just gambling."

Your liquidation is because you're gambling; someone earning a million a year is because they are doing math.

Calculating win rates, risk-reward ratios, extreme scenarios,

relies on spreadsheets and brains, not intuition, luck, or staying up late drinking coffee.

If you're still placing orders based on feelings,

I sincerely suggest you turn off the machine and go to sleep.

Anyway, in dreams, any market can make you money.