#美联储回购协议计划 is a dividing line for two types of people in the futures market, which can be summarized in four words: discipline and desire.

**How people who can make a profit think**

Before placing an order, they always ask themselves three crucial questions—at what price to enter, how to exit if wrong, and where to take profit if right. This is not just a precaution; it is the foundation of trading.

Seeing the trend, they will not be lured into the market by the "flying needle", nor will they fantasize about the illusory "V-shaped rebound". They only take action when signals they have verified appear. Taking profits is not about being afraid of running too fast, but about regularly cashing in on floating profits; stopping losses is not about admitting defeat, but about reserving ammunition for the next opportunity. Emotions will definitely be present, but actions will always follow the rules - this is the temperament of a trading veteran.

**How do people who are prone to liquidation think**

Seeing a large bullish candlestick causes panic, fearing to miss out on the entire trend, and rushing in with a full position all at once. When facing small losses, one stubbornly holds on without cutting losses, thinking "I'll wait a little longer to break even," only to see the losses deepen. In the end, trading devolves into gambling, and operations turn into prayers. Repeatedly saying, "I think it will rise again" and "Just a little more and I will close my position," with each utterance causing the account to shrink further. Their logic is simple and crude: as long as they haven’t been forcibly liquidated, they can continue to gamble.

**What is the essential difference**

The former treats contracts as a profession, while the latter treats contracts as a gamble. One is systematic profit, while the other is mood-based betting. One aims for stable growth, while the other is addicted to short-term pleasure, and the final outcome often ends in zero.

In the cryptocurrency contract market, what truly matters is not how precise your technical analysis is, but whether you can control yourself. There are few who defeat the market, but many who are frighteningly defeated by themselves.