#数字资产市场动态 Contract to make quick money? Forget it. Out of ten beginners entering the market, nine get wiped out because they simply don’t understand the rules. It’s not that they can’t predict the market, they just don’t understand what they’re doing.

**Contracts are actually very simple — it’s just betting on the direction**

If you’re bullish, go long; if bearish, go short. The profit comes from the price difference. Unlike spot trading, you don’t need to hold the coins and wait for appreciation. Contracts are about short-term directional bets. The price swings in between? For contract traders, they’re meaningless — only the volatility matters.

**Perpetual or Delivery? Your choice determines your strategy**

Perpetual contracts have no expiration date, suitable for those who want to hold positions long-term. But here’s the catch: every 8 hours, the system charges funding fees, with longs and shorts paying each other. $PIPPIN For coins like this, the longer you hold, the more terrifying the accumulated costs become.

Delivery contracts are different — they have a clear expiration date (weekly, quarterly), and settle automatically at expiry. This is suitable for seasoned traders doing arbitrage between futures and spot. But be careful: price gaps can easily occur before and after expiry, and you might get liquidated without warning. $BEAT Volatility is a good example.

**Three concepts every beginner must understand**

Leverage is both an accelerator and a crusher. 10x leverage means a 1% price move results in a 10% change in your account. High leverage can make you feel great when you’re right, but when you’re wrong… you know.

Liquidation is the system’s last line of defense — if your margin is insufficient, the system will close your position without asking. The larger your position and the higher your leverage, the closer the liquidation point is to the current price. You might think you have a chance to turn things around, but… it’s gone.

Cross margin and isolated margin — these two modes determine how much you can lose. In isolated margin mode, each position’s margin is independent; you can lose only what’s in that position and then stop. In cross margin mode, all positions share the same margin. If one gets liquidated, others can be affected too — chain liquidations. Beginners shouldn’t think that using cross margin will double their profits; start with isolated margin and survive first.

**Risk control is the only reason to stay alive**

Don’t leverage more than 5-10x; higher than that is basically gambling with your life. At high leverage, your error margin is almost zero — you have no room for mistakes. $SOL Even mainstream coins are like this, let alone small-cap coins.

Limit your losses to no more than 2% of your principal each time — cut immediately when wrong. Many people hesitate to cut losses, thinking “maybe it will come back,” but in reality, they lose more and more. This is called loss aversion in psychology — in trading, it’s self-destructive.

Trade only mainstream coins like BTC, ETH. Small coins have poor liquidity and are easily manipulated by big players. You might get swept out before you even realize what’s happening.

Avoid trading during major data releases — Non-farm Payrolls, CPI, Federal Reserve meetings… These times can cause sudden market swings that trigger your stop-loss. It’s not that you’re wrong in your judgment; volatility itself is irrational.

**Contracts aren’t inherently bad, the problem is in the mindset**

Those who see contracts as a “shortcut” to get rich usually get out early. The traders who last long see contracts as “a betting tool with stop-losses.” Surviving by following rules, waiting patiently for opportunities — that’s the correct approach to trading with contracts.