1. Leverage amplifies risk, easy to face liquidation
Capital efficiency ≠ no risk: leverage in contracts (like 100X, 125X) can amplify profits, but it also greatly amplifies losses. For instance, under 100X leverage, a 1% fluctuation in coin price can wipe out the principal, and market 'spikes' (significant price fluctuations in a short time) are common, potentially triggering liquidation in seconds, leaving no time to react.
Assuming you buy $10,000 worth of Bitcoin with 100X leverage, if the price drops by 1%, the entire $10,000 principal is lost; but if it were spot trading, a 1% drop only results in a $100 loss, showing a huge risk disparity.
2. Trading costs and mechanisms increase risk
Funding fees/premiums continuously consume the principal: perpetual contracts charge 'funding fees' daily (both sides pay each other, which can be positive or negative, but holding costs accumulate over time), and settlement contracts have 'premiums' (the difference between contract price and spot price). The longer positions are held, the higher the costs, equivalent to 'hidden losses'.
Undisciplined holding = suicide: many people trade contracts without setting stop-losses, thinking 'it’s fine if the spot drops by 30%', but with contract leverage, a 30% fluctuation could wipe out the principal directly (for example, with 3x leverage, a 33% drop leads to liquidation), and holding onto losing positions could force them to cut losses due to margin call pressure.
3. Most people lack a trading system and discipline
Treating contracts like gambling: under high leverage, short-term market fluctuations are highly random, and many people bet everything without understanding the rules, essentially gambling on price movements rather than trading rationally. For example, believing 'support will not break' and going all-in on long positions, once the level breaks, it leads directly to liquidation, completely disregarding risk tolerance.
Long-term investing is not suitable for contracts: long-term investors should ignore short-term fluctuations, but contracts have holding costs (funding fees, premiums), and if held for a long time, price fluctuations + cost accumulation pose risks far higher than spot trading, potentially leading to 'making gains while losing money'.
4. The premise of reasonably trading contracts
If you must trade contracts, you must meet: clearly define the maximum loss range: for example, with a $100,000 principal, being able to tolerate a $10,000 loss, and then calculate the position based on leverage (e.g., with 20x leverage, the maximum position is $5,000, stop-loss at 20% drop, which would incur a $1,000 loss).
Low leverage + strict stop-loss: leverage should not exceed 3 times, and every trade must set a stop-loss, never hold onto a losing position. Treat contracts as a tool to 'increase capital efficiency' (e.g., taking small positions in a bull market), rather than a gambler's 'get-rich-quick scheme'.
The essence of contracts is to provide professional traders with tools to hedge risks or optimize capital efficiency, but for ordinary players, high leverage, trading costs, and market volatility can turn it into 'the gambler's grave'. Without a mature trading system, strict discipline, and risk tolerance, trading contracts, especially with high leverage, is almost equivalent to 'gambling' with the principal; liquidation is just a matter of time.#币安Alpha上新 #美国加征关税 #BTC #ETH（二饼） #合约交易 $BTC $ETH 
