Brothers playing contracts, don't rush to look at the K-line. Take three minutes to understand the hidden rules of this casino, which might help you avoid losing a Tesla.

The essence of contract trading is a finely designed gambling game by the exchange; every penny you earn comes from the losses of the opposing side.

When you complain about "being targeted by the big players," you are actually stepping into the traps designed by the rules.

The funding rate is the most straightforward emotional indicator.

A positive funding rate for three consecutive days indicates that long positions have become crowded to a dangerous edge. At this point, jumping in as a long means actively providing bullets to the shorts. The plunge of Ethereum to $4800 last year started after five consecutive days of positive funding rate.

Leverage is a double-edged sword trap. At first glance, 10x leverage can amplify profits, but in reality, it also amplifies slippage, fees, and liquidation risks.

More insidiously, the calculation of the liquidation price. You might think that with 10x leverage, you can withstand a 10% fluctuation. In reality, adding in fees and funding rates, a mere 8.5% fluctuation could trigger liquidation.

Transaction fees are the silent killer.

Assuming five trades a day with a 0.05% fee each time, that translates to an annualized wear rate of 91%. Coupled with the funding rate, many retail traders are slowly bled to death before the trend arrives.

The liquidation mechanism hides even more dangers. The exchange's liquidation price formula has long reserved room for slippage.

When the market fluctuates violently, your liquidation order will become the fuel that propels the price further towards liquidation; this is what is known as "spike price action."

The rolling position strategy seems highly profitable but is actually a gambler's death loop. Using profits to double down on the next trade is equivalent to continuously moving the stop-loss line. When the trend reverses, both the principal and profits can be harvested all at once.

The correct approach is to invest only 20% of the profits in each rolling position, keeping 80% as a safety cushion.

Lastly, let's be frank: In this cannibalistic casino, the only survival chance for retail traders is to establish their own antifragile system.

First, understand the underlying logic of contracts, then talk about making money. My small team that I currently lead specifically studies these hidden rules. Friends who want to avoid detours can always come to me for guidance @加密大师兄888