Brothers who play contracts, seriously read this paragraph, it might save your life
Do you often find that as soon as you open a position, it goes the other way?
Just when you hit the stop loss, it skyrockets, and when you close the position, the market takes off?
Clearly, you saw the right direction, but in the end, you still lost everything?
To put it bluntly—it's not that you're unlucky, it's that you've been harvested by the rules
Many people still think that contracts are about buying coins, but in fact, you are signing a betting agreement
The exchange is the dealer, you are the gambler; the profits come from others' losses, and the losses are all taken by others
Do you still naively think that funding rates are a small issue?
When rates skyrocket several times in a row, for example, continuously positive rates, it actually means the exchange is "calling for bulls to enter"
Then they turn around and wipe you out completely. You are still foolishly standing in the bullish camp giving away money
As for the liquidation price, do you think that opening a 10x leverage position means it has to drop by 10% to be liquidated?
Don't be foolish; the forced liquidation price has long been dangerously close. The transaction fees are shockingly high, and liquidation is not because the market is too aggressive
It’s because the exchange has preemptively targeted you and harvested you clean
The most absurd part is leverage; many people think that opening high leverage will make them big money
In fact, what you're amplifying are the transaction fees, the risks, and the pressure
The exchange collects fees based on your "multiple" leverage along with the funding fees; after a series of moves
You earn nothing, and you lose ten times faster than in spot trading
As for rolling positions, I've seen too many people use their entire profit to push the next position
When the market turns, all the profits are gone, and there's not even any principal left
Rolling positions must leave an exit, bet half the profits and keep the other half for safety
Stop saying "I was targeted for a specific explosion again"
You simply don't understand the underlying rules of this game
How to win?
I'm not a master, just someone who started playing contracts early, stepped into many pits, and managed to save my life
If you want to turn things around, don't think about getting rich quickly first
First, understand the game rules, otherwise, you will just keep feeding the market
Stop using your own money to buy lessons. Really, that's enough.