Brothers, contract players pay attention!
Do you often find that as soon as you open a position, it goes against you?
Just when you close your position, the market takes off?
Clearly, you had the right direction, but in the end, you still lost and doubted your life?
Don't blame yourself for having 'bad luck'; there’s actually a trick behind this.
Today, Sister Ling will take you through the three major dark secrets that the exchange will never actively tell you.
After reading this, you can avoid three years of detours and save at least hundreds of thousands in tuition fees!
First Act: Funding rates are not small fees; they are clear signals
Rate > 0, longs are giving money to shorts; Rate < 0, shorts are subsidizing longs.
If it’s greater than 0.1% for three consecutive times? Don’t fight it; this often means: The exchange is preparing to harvest that side!
Smart people lay out their positions in the opposite direction; that’s the real way to profit.
Second Act: The liquidation price is not the number you calculated
You think 10x leverage means a 10% drop for liquidation? Naive.
The exchange secretly adds 'liquidation fees' into the liquidation price,
Resulting in: Before the market even reaches the step you anticipated, you’re already out, and your principal is completely wiped out.
Third Act: High leverage is not a magnifier; it's a meat grinder
100x leverage sounds exciting? Fees and funding costs are all calculated based on the magnified position!
With more than 4 hours of high-frequency deductions, it can directly drain your principal.
Conclusion: High leverage is only suitable for short-term sniping; take profits when you can, and never get attached to a fight!
As for 'rolling positions'
Using full position mode can give you a hundredfold thrill, but if the market reverses, you won’t even have a chance to breathe.
My own approach: After making a profit, I only roll over a maximum of 50%, always keep some bullets, and survive first before talking about making money.
