#美国证券交易委员会推进数字资产监管框架创新 Contracts, to put it simply, are about using real money to test your mentality.

When newcomers enter this circle, all ten are full of confidence. They look at two candlesticks and think they understand the market, calculate a few key levels and want to leverage up to try their luck. But reality is often not like that—the market moves faster than your reactions, and your emotional fluctuations are even a step ahead of the market.

When making money, you feel like you've made the right choice; when losing money, you start self-deceiving, "Wait a bit more, it should rebound." This is the cruelest part of contracts: it amplifies your human weaknesses infinitely.

In spot trading, a mistake still leaves time to recover; the loss is patience and opportunity cost. But every mistake in contracts can directly lead to liquidation. Volatility isn't the scariest thing; what's most frightening is that it doesn't give you a second chance to make mistakes.

Many people don't actually lack trading logic; they simply haven't recognized whether they are suitable for this path. When the position size increases, their heartbeat accelerates; when a pullback occurs, they become panicked; even when they should cut losses, they stubbornly hold on, fantasizing about a rebound—these are signals of self-deception.

So, the essence of the contract game is actually very simple: it doesn't care who you are, it doesn't listen to your stories, it only looks at whether you dare to put your money in, and when your mentality will collapse first. The higher the leverage, the more severe the test of your mentality.

Thinking this way, contracts are not a quick way to get rich; rather, they are more like a precise screening machine—filtering out those without trading discipline, those who can't persist, and those who can't see themselves clearly.

Those who survive in this market are never the most aggressive, but the ones who can maintain rationality and restraint the best.

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