How scary are contract fees?
*The "small money" you thought is actually devouring your capital**
Every time you open and close a position, the fees seem to only be 0.02%-0.05%?
But if you trade 10 times a day, that's 200 times a month!
Assuming a capital of 100,000:
200 times x 100,000 x 0.05% = 80**1 million completely evaporated**
Not counting slippage and liquidation, fees have already eaten away 10% of your hard-earned money!
Fee + Leverage = Compound Interest Meat Grinder*
When using 10x leverage, fees will also be magnified by 10 times!
To gain 5%, you need to pay fees; to lose 5%, you still need to pay fees. High-frequency traders may even face:
Profit = Fee + Loss
In the end, you find out: you are actually the platform's "lifetime VIP worker"!
Even scarier hidden settings*
Overnight fee*: Holding positions overnight? Cut again!
Funding rate**: Both bull and bear markets will take their cut!
Psychological trap*: Forced to increase positions to dilute fees, but end up deeper in trouble...
Self-rescue guide
Calculate the accounts: Keep track of fees separately, you'll be shocked and lose sleep
Refuse to get high: High-frequency trading = giving the platform a year-end bonus
Cold knowledge: Some platforms have novice rates that are 3 times that of veterans! Go negotiate!
The final soul-searching question:
Does the hair you lose from staying up late staring at the screen really compare to the capital quietly eaten away?
Forward this to remind those around you,
Don't let fees become the most expensive "tuition" on your investment journey
