Newbies entering the futures market often fall into the same traps. Over these days, I've seen too many cases of accounts being wiped out instantly. After careful analysis, the issues all point to a few recurring error patterns.

**Leverage ratio is not better the higher it is**

Going all-in with 50x or 100x leverage sounds tempting, but in reality, a market fluctuation of just 1-2% can wipe you out. Many beginners mistakenly believe high leverage can turn them into overnight millionaires, but it actually accelerates liquidation. Comparing standards, 3x to 5x leverage allows you to withstand 20% market swings, giving you room to adjust and breathe. Stable compound interest far surpasses one-time gambling.

**Stop-loss is a lifeline, not an option**

"Just wait a bit, it will rebound" or "I've already lost 50%, taking profits is too painful"—these phrases are heard countless times, but the result is always the same: the loss deepens. You should set a stop-loss point from the moment you open a position, and move the stop-loss up to lock in profits once in the green. This is not a negative attitude, but the survival rule of the market.

**Use a formula to calculate single trade position size**

Some go all-in once, claiming "opportunity is rare." Here's my commonly used calculation: maximum position per trade = principal × 2% ÷ leverage. Suppose you have $10,000, and use 10x leverage; your single trade should not exceed $200. This way, even if the market suddenly moves against you, you won't be wiped out completely and still have a chance to turn things around.

**Emotions are the biggest killers of accounts**

Chasing high during a surge, panicking and cutting losses during a plunge—FOMO is the root cause of 80% of liquidations. The market gives opportunities to calm people, and lessons to impulsive ones. Prepare a trading plan in advance, follow it strictly, don’t watch the screen 24/7, and clear your emotions from your account.

**You must understand the tricks of exchanges**

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