Friends, if you have just stepped into the world of cryptocurrency and are curious about those perpetual contracts flashing 'hundredfold returns' and 'financial freedom' on your screen, please pause your hand that is about to click 'go long' or 'go short' and take a few minutes to read this article.
This is not a secret recipe for getting rich quickly, but a 'survival manual' that may help you preserve your principal. In the zero-sum game of perpetual contracts, the vast majority of people are destined to be losers, and their failures almost invariably stem from ignoring these three things: position size, leverage, and capital management.
