Contracts are something that many people think sound impressive, but to put it simply, they are just an enlarged version of spot trading.

Money comes in quickly, but losses can come even faster, so if you want to play, make sure you understand the rules first.

Don’t overlook the funding fees. Positive fees mean that long positions are paying short positions; during this time, don’t blindly chase high prices; negative fees mean that short positions are paying long positions, often indicating that the market will continue to drop.

Don’t mess around with leverage either; it’s like a magnifying glass—when you earn, it doubles, and when you lose, it also doubles.

Newbies should honestly stick to 3-5 times leverage; anything above 10 times is for professional players, not for you to gamble on.

How to play? I summarize it in four steps:

First, look at the big direction. Don’t focus on one-minute candlesticks and get distracted; at least start with daily charts. Moving averages and MACD can tell you where the trend is.

Second, find the entry point. A four-hour pullback to the middle Bollinger Band with RSI turning upwards is reliable; if the trading volume suddenly increases and breaks through the pattern, that's even more stable.

Third, think about your stop-loss in advance. Don’t harbor illusions. If you hit the loss point you preset, run immediately; otherwise, liquidation is only a matter of time.

Fourth, take profit. Get out when you earn, even if it’s just 10%. Remember, the market will always have the next wave; greed will only lead to profit being given back.

There are shortcuts with tools.

Use TradingView for charting; moving averages and MACD are clear at a glance.

Check fees on CoinGlass; just look at the red and green to know which side to be cautious about.

Before diving in, practice on a demo account for three weeks, aiming for at least a 65% win rate, before putting in real money.

One last piece of hard truth: don’t take too heavy a position; for a single asset, don’t risk more than 30% of your capital.

Contracts aren’t about who can earn quickly, but about who can survive longer.

Markets will always exist, opportunities will always come, so don’t be so eager for quick gains that you lose your capital first.