When engaging in Futures Trading (such as futures, Perptual Futures, etc.) in the crypto world, mindset management is one of the key factors determining long-term success or failure. The high Fluctuation in the crypto world, the magnifying effect of leverage, and the extremization of market sentiment can easily trigger emotions such as greed, fear, and anxiety, leading to irrational decision-making. Here are some key mindset suggestions:

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### **1. Accept high risks and eliminate the 'get rich quick mentality'**
- **Leverage is a double-edged sword**: High leverage can double your investment in the short term, but it can also lead to instant liquidation. Extreme fluctuations in the crypto world (such as spikes and flash crashes) are common, and one must be aware of the risks.
- **Reject FOMO (Fear of Missing Out)**: Blindly following others or increasing leverage after seeing them profit often marks the beginning of losses. The market always has opportunities, but once the capital is lost, you're completely out.

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### **2. Strict risk control, protect principal**
- **Set Stop Loss**: Plan the stop loss point in advance (e.g., 5%~10% of principal) and strictly implement it. Avoid "holding on to the position" hoping to break even, as it may go to zero in extreme market conditions.
- **Light Position Operation**: It is recommended that the leverage should not exceed 5x for novices and 20x for veterans. A single mistake in a heavy position can destroy the profits accumulated over a long period of time.
- **Isolated Funds**: Only trade with funds you can afford to lose, to avoid affecting your life or mindset.

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### **3. Emotional Management: Overcoming Human Weaknesses**
- **Be wary of greed when profiting**: Take partial profits in a timely manner to avoid "floating profits increasing positions" which can lead to profit withdrawal.
- **Stop revenge trading when in loss**: Rushing to recover losses after a setback can lead to frequent operations and increased risk. It is advised to pause and analyze calmly afterwards.
- **Avoid over-reliance on news**: In the crypto world, it is difficult to distinguish the authenticity of news, market reactions may lag or be contrary, and do not blindly chase rises or sell off during declines.

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### **4. Formulate a trading plan and execute mechanically**
- **Clear Entry Reason**: Is it based on technical analysis, fundamentals, or short-term sentiment? Trading without logic is equivalent to gambling.
- **Record Trading Logs**: Review the decision-making process of each trade and identify mindset vulnerabilities (such as "fear of missing out" or "overconfidence").
- **Reduce Monitoring**: Overly focusing on short-term fluctuations can interfere with judgment; set alerts and stay away from the screen.

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### **5. Long-term Perspective and Learning**
- **Futures are not the only path**: Spot trading, dollar-cost averaging, and other low-risk strategies are more suitable for most people. Futures require continuous learning of technical analysis, capital management, and so on.
- **Respect the Market**: There are no "ever-victorious generals" in the crypto world; stay humble and adjust your strategy in a timely manner to adapt to market fluctuations.

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### **6. Mindset Adjustment in Extreme Market Conditions**
- **Black Swan Events**: Such as exchange crashes, sudden policy changes, etc., risk diversification is required in advance (for example, not going ALL IN on one platform).
- **Post-Liquidation Handling**: Do not fall into self-denial, analyze the reasons (such as high leverage, not setting stop-loss), rather than blaming the market.

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### **Summary**
The essence of cryptocurrency contracts is a game of chance, and your mindset determines whether you can stay at the table for a long time. A successful trader is not the one who predicts the most, but the one who loses the least when he makes a mistake and keeps his profits when he makes them. ** Remember: Keeping the principal is always the first principle, the opportunity is always there, but the principal will not.

> Supplementary suggestions: You can read books such as "Trading Psychology Analysis" and "The Ghost of Wall Street" to systematically enhance your understanding.