#中心化与去中心化交易所 Trading Type Introduction Why Do Futures Always Liquidate?

It's not bad luck; you simply don't understand the essence of trading! This article, which condenses ten years of trading experience into low-risk rules, will completely overturn your understanding of futures trading — liquidation is never the market's fault but rather a timed bomb you've planted yourself.

Three Major Truths That Change Understanding

Leverage ≠ Risk: Position Size is the Lifeline

Using 1% position size with 100x leverage, the actual risk is only equivalent to 1% of a full spot position. A certain student operated ETH with 20x leverage, investing only 2% of the capital each time, with three years of zero liquidation record. Core formula: Real Risk = Leverage Multiplier × Position Ratio.

Stop Loss ≠ Loss: The Ultimate Insurance for the Account

During the 312 crash in 2024, 78% of liquidated accounts shared a common feature: losses exceeding 5% without setting a stop loss. A professional trader's iron rule: a single loss must not exceed 2% of the capital, akin to setting a "circuit fuse" for the account.

Rolling Positions ≠ All-In: The Correct Way to Compound

Staircase Positioning Model: First position 10% for trial and error, increase position by 10% of profits. With a capital of 50,000, the first position is 5,000 (10x leverage); for every 10% profit, add 500 to the position. When BTC rises from 75000 to 82500, the total position only increases by 10%, but the safety margin improves by 30%.