When I first encountered perpetual contracts, I was overwhelmed by the overwhelming sense of professionalism. A friend patted me on the shoulder and said, "Don't be fooled by appearances. This is just a magnified version of the spot market. It can make you make money quickly, but it can also make you lose money even faster."

I quickly experienced the power of funding fees. I remember that time I went long, and the positive funding rate forced me to pay a fee every eight hours, like a constant transfusion of funds to maintain my position. By the time I realized that positive funding rates meant that longs were paying shorts, I had already reached the top of the market. And the time I experienced negative funding rates, even though shorts were paying me, the market continued to fall, which made me realize that this is often a precursor to a decline.

Leverage is something I have a love-hate relationship with. I still remember my first experience with 20x leverage vividly—my funds doubled overnight, making me feel elated; but a single fluctuation the next day wiped everything out. From then on, I made it a rule for myself: never exceed 5x leverage. This wasn't because I was timid, but because I knew: profits can be earned slowly, but once your principal is gone, it's gone for good. My trading process is now well-established:

When looking for the big picture, I first open the daily chart. The moving average system and the MACD indicator are my compass, helping me identify the true trend and avoid being misled by short-term fluctuations.

When searching for entry points, I focus on the 4-hour chart. The support of the middle Bollinger Bands combined with the turning point of the RSI constitute my most important entry signal. If this is accompanied by a sudden increase in trading volume, it's the market's invitation.

Stop-loss is my lifeline. I always set a stop-loss on every trade—a lesson I've learned through countless losses. The market is unforgiving, and unrealistic expectations will only exacerbate losses.

Taking profits is equally important. I've learned to cut profits when they're good, taking 10% of my profits. Remember, there's always another opportunity in the market, and greed will only make profits disappear.

Now I firmly understand that position management is the key to survival. I never hold more than 30% of a single position in a single product; this is the fundamental reason I've been able to survive in this market for two years.

Contract trading isn't about who makes money quickly, but who survives the longest. Market trends will always emerge, and opportunities are always waiting. Don't lose all your capital in a rush for quick success—this is the most valuable lesson I've learned with my own hard-earned money.

I used to stumble around in the dark alone, but now I have the light in my hand.The light is still on. Do you want to follow? @币来财888