1. Personality Determines Destiny.

First of all, the contract is a speculative market that can be traded both long and short with leverage. A person's personality determines how long you can play in the contract market. Engaging in contracts is a process of accumulating wealth and experience, little by little. Therefore, people who are impatient and have a strong gambling tendency are simply not suited for this market. So the first pitfall is prepared for those who are impatient and impulsive.

So how can we prevent the first pitfall? To be honest, a person's character is very difficult to change. Even if you learn some candlestick knowledge and some position management, the impulsive nature and the courage to take risks are hard to suppress. You need to find a friend who has a better personality than you, who can be more patient and self-disciplined, to help you make decisions and keep you in check.

2. Do not trade when your physical and mental states are poor.

After talking about personality, let’s mention physical and mental states. I have personally had a few instances where I stayed up late, didn't sleep well, and during the day was busy maintaining fans and clients, dealing with real-life matters, and by night I was already very tired. When physically fatigued and in a poor state, my mind was not very clear, and I made trades in a daze. I later realized that I had made mistakes! This is an example of a poor physical state; during chats with fans and friends, I also mentioned mental state. For instance, if you are in a bad mood, just lost money on something, and want to urgently make some money back, or if you just made a profit and are very happy, you might casually make a trade to try your luck. None of these are the mental states one should have when trading contracts. At such times, trading becomes akin to gambling, with a 50% chance of winning.

3. Addiction

I will put the pitfalls related to operation at the end; the first three pitfalls stem from personal issues. Later, I will mention pitfalls related to operations and technical knowledge. This addiction is a common trait pointed out by many online users. The Bitcoin market operates 24 hours continuously. Moreover, there have been so many mythical stories in the contract market, like turning 500 yuan into 1 million after a while. These are low-probability events, and when magnified, they attract countless participants hoping to profit greatly from the contract market. Newcomers, due to their boldness, do not consider these factors too much.