#现货与合约策略 Risk Management: The Core Differences Between Spot and Futures

The greatest risk of spot trading is asset depreciation, but losses will not exceed the principal; futures can lead to liquidation due to leverage. For example, with 10x leverage, a 10% reverse fluctuation can result in a total loss. Risk control measures include: position management (no single trade exceeding 5% of total capital), stop-loss settings (such as 2% principal stop-loss), and avoiding high leverage (new traders are advised to stay below 3x). Futures traders should also pay attention to the liquidation price and funding rates.