Many brothers who play contracts, listen carefully to what I have to say.

If you can take it in, you might really save a lot of tuition fees.
Do you often encounter situations like this:
Just opened a position, the market immediately moves against you.
Just stopped out, the market suddenly pulls back.
Hard to see the right direction, but in the end, you lose everything.
Many people think: Is it just bad luck?
To be honest—it's not bad luck, you simply don't understand the rules of this game.
You think you're "buying coins"? No, you're signing a betting agreement.
Many people think they are trading cryptocurrencies.
Actually, no.
You're signing a leveraged betting agreement.
The money made in this market essentially comes from others' losses.
Every cent you earn corresponds to someone getting liquidated somewhere.
Once you understand this, you'll realize why the market always seems to "target you."
Here's another thing many people overlook: funding rates.
When the rate stays high and positive for a long time, it indicates that there are a lot of long positions in the market.
Many newbies see the price rise and rush in to go long.
And then? The market pulls back, and longs get wiped out.
Do you think the market is against you?
No, the market is just clearing the overly crowded side.
Regarding liquidations: you have no idea how fragile your position really is.
Many think: Using 10x leverage, it takes a 10% drop to get liquidated.
Don’t be naive.
Including maintenance margin, fees, funding rates, slippage...
Your liquidation price is actually very close to you.
Sometimes, the market hasn't moved much, but your position is already liquidated.
It's not that you judged the direction wrong, but that you don't even know how your position gets wiped out.
Rolling over positions? Many people's end comes the same way.
And many people love to do one thing:
Make a little profit on the first trade, then reinvest all the gains into the next.
It looks impressive, right?
Turn 100U into 1000U, then into 10,000U...
But as soon as the market reverses—
Profit is gone, and so is your principal.
Many people don't lose money because they misjudge the market, but because their leverage and positions drag them down.
If you really want to survive in the contract market,
Remember:
Don’t think about getting rich overnight.
First, understand the rules of this game.