#比特币与黄金战争 Do you really understand the "tricks" of contract trading?$XRP $LTC

I've heard too many blood and tears stories—got the direction right, held for several days, only to have my funds eroded by fees in the four-figure range, ending up liquidated. Watching the market take off helplessly from the sidelines. Honestly, it's not about getting the direction wrong; it's that your understanding of the contract game rules isn't thorough enough.

**The Invisible Scavenger: Funding Fees**

Most people only focus on how the K-line moves but overlook a detail—the funding fee is collected every 8 hours. Long and short positions settle with each other based on real-time rates. Going full margin long seems correct, but after several rounds of high fees, a few hundred dollars can disappear. When the market really takes off, your margin is almost gone, and liquidation becomes inevitable.

How to avoid it? Watch the rate—periods where the rate exceeds 0.1% for two consecutive rounds are the most dangerous; try not to choose those. Keep your position holding time under 8 hours, or better yet, trade in the opposite rate direction, letting the market send you money.

**The True Face of Liquidation Price**

You might have calculated that with 10x leverage, a 10% drop causes liquidation. That calculation is too idealized. Don’t forget about the liquidation fee—actual liquidation lines will be reached much earlier. Sometimes, a 5% drop is enough to trigger liquidation. Sounds exaggerated? But that’s the reality.

The defensive approach isn’t complicated—don’t go all-in, switch to isolated margin mode, so the overall risk isn’t completely catastrophic. Keep leverage between 3x and 5x, leaving enough buffer for your margin, and the distance to liquidation naturally increases.

**The Trap Behind High Leverage**

100x leverage sounds thrilling, but the hidden costs are the real killers. Fees and funding costs are calculated based on the actual "borrowed" amount. The higher the leverage, the more terrifying these costs become. Often, the direction is correct, but costs eat away your profits until there's nothing left, turning into losses.

What’s the smart way? Use high leverage only for short-term trades, and for long-term positions, stick to lower leverage. Remember, leverage and risk are positively correlated—there’s no need to chase the maximum every time.

**Final Words**

Exchanges are never worried about you misreading the market; they’re truly afraid that you see through their rules. Want to survive longer and earn steadily in this market? Don’t always focus on betting the direction—learn to understand the rules thoroughly first. Once you understand the rules, the probability of losing money will naturally decrease.