#数字资产市场动态 Contracts can be played, but not in any way you want

Many beginners jump into contracts immediately wanting to leverage, only to see their accounts vanish with the first market wave. Actually, contracts are not mysterious — simply put, they are about betting on the direction, going long when bullish, short when bearish, without actually holding the underlying asset. The profit comes from price fluctuations.

There are mainly two types of contracts on the market: perpetual contracts (no expiration date, maintained through funding rate mechanisms to keep anchored to spot prices) and fixed-expiry delivery contracts. Most newcomers are still dealing with the former.

But the issue isn’t in these definitions; it’s in these key points:

**Leverage is a double-edged sword**

It can amplify your gains, but it can also wipe out your principal instantly. With 10x leverage, a 10% adverse move can wipe out your margin. Greed is deadly; don’t always aim for the highest leverage.

**Position size and stop-loss are not suggestions, but mandatory rules**

Calculate beforehand how much you can lose, then strictly follow your stop-loss plan. A trading plan without discipline is worse than no plan at all.

**Choosing the right asset matters**

$BTC, $ETH, these top coins tend to have more predictable volatility; smaller coins, while exciting, are often just tools for harvesting retail traders.

**Timing is also crucial**

Liquidity is poor late at night, and prices can spike violently. Beginners should avoid holding positions during these times.

Those who survive in contract trading into the next year do not rely on boldness; they rely on strict discipline, genuine risk management awareness, and respect for the market.

Learn how not to lose money first, then figure out how to make money. Start with small amounts to feel the market’s temperament, then consider increasing your position. Treat contracts as tools, not as a casino. Only then can you go far.

$SOL $BNB