Must-Read for Futures Traders: The Fundamental Logic of Preserving Capital

For my brothers trading futures, these heartfelt words might help you pay a little less in tuition.

Do you always encounter this curse?

As soon as you open a position, the market moves against you, and just when you stop-loss, you watch the price shoot up; you clearly saw the right direction, but in the end, you lost everything?

Don't always blame it on “bad luck” — you just haven't grasped the harvesting rules of this game.

Futures contracts are never about “buying coins,” it's a betting agreement: the exchange is the dealer, we are the players, and profits come from others' losses, while all the losses go into others' pockets.

The funding rate is the “wind direction indicator”: a continuously soaring positive funding rate essentially signals that the exchange is calling for “longs to rush in.”

By the time you really enter the market, you'll be cut cleanly from the other side, and you’ll still be naively sending money to the long position camp.

The liquidation price hides the “scythe”: do you think opening a 10x leverage means it needs to drop 10% to get liquidated?

The forced liquidation price is already unreasonably close, and with the fee deducted, liquidation isn't because the market is strong, but the exchange has already raised the scythe above your head.

High leverage is “poison”: some think opening high leverage can earn quick money, little do they know that it amplifies not just profits, but also fees, risks, and psychological pressure.

The exchange charges a “double multiplier” fee; after a series of operations, not only do you not make money, but you lose ten times faster than trading spot.

Rolling positions need to “leave a way out”: I've seen too many people throw all their profits into the next order; when the market reverses, profits disappear, and capital is lost too.

When rolling positions, use 70% of profits to gamble, and keep 30% for survival — this is the secret to “the snowball getting bigger.”

Stop saying “I was targeted for liquidation”: if you haven't even grasped the basic rules of the game, how can you possibly win?

I'm not a futures master; I just entered the market early, stepped into many pits, and managed to salvage a “life.”

Want to turn things around? First understand the rules, then talk about getting rich:

Instead of staring at the K-line guessing support levels alone, it’s better to follow the team and lock in key points in advance; if you're on the edge of liquidation, instead of gritting your teeth and holding on, it’s better if someone says, “just close half your position first.”

There’s no need to make the pain of fighting alone a habit.

We explore the direction, we control the risk, you just need to follow the rhythm. @加密大师兄888 I'm always here, waiting for you to set sail together.

After all, in the futures market, those who live longer can laugh last.