In the past few years of playing contracts, I've seen too many brothers go from full of confidence to losing everything and leaving.

Today, I'm going to speak some heartfelt truths; understanding them might really help you avoid a few years of detours.

Have you ever had one of those moments of breakdown? Just when you opened a long position based on your own judgment, the market suddenly turned and dropped; gritting your teeth to stop-loss and exit, and the K-line on the screen immediately surged straight up,

blowing up your short position; what's even more frustrating is that you clearly had the right direction at the start, but in the end, due to various “unexpected” events, you lost almost all the money, even the fees.

I used to think it was just bad luck until I stepped into countless pitfalls and finally understood - it’s not a matter of luck, it’s that we haven’t seen through the underlying logic of the contract game, and have become “chives” harvested by the rules.

Many people play contracts, thinking it’s the same as buying spot as an “investment,” but actually from the moment you open a position, you are signing a gambling agreement.

The exchange is the dealer that sets the rules, and we retail investors are the players participating in the gamble; there is no new money coming into the market, every penny you earn is lost by someone else; every penny you lose ultimately goes into someone else's pocket.

Speaking of funding rates, I have a brother who saw positive rates for three consecutive days, thinking the bulls were strong, and after heavily entering the market, the rates corrected, the exchange harvested the bulls, and he lost nearly 30% on one trade. It turns out the high rates were a “bait” to lure in the bulls.

Let’s talk about leverage and liquidation; many people think high leverage can double their money. I used to use 20x leverage, and the fees also increased 20 times, and the liquidation price is calculated closely.

Due to a 5% market fluctuation, compounded with fees, I was liquidated, realizing that liquidation often comes from the exchange blocking the exit with fees and liquidation prices.

Rolling positions can also easily “go to zero”; I know players who bet all their profits or even principal on one position, and after the market reverses, they lose more than half of their profits and principal. In fact, when rolling positions, you need to leave some room; only use half of the profits to operate, and keep the other half for survival.

I’m not a contract expert, I just started early and stepped into many pitfalls, grasping some survival rules. If you’re also losing more than you earn in contracts, don’t complain about being “targeted for liquidation,” first understand the rules. Follow @趋势猎手老金 Jin, I’ve organized methods to avoid pitfalls and control risks, helping you lose less and earn more in contracts, it’s most important to survive steadily.