#美联储回购协议计划 Is contract trading really that lucrative? My experience is completely the opposite. With only 90u in margin, a single market reversal can lead to a liquidation of 240u, or even a loss of over 100u. What's more heartbreaking is earning just a little and getting cut like a chive, and when losing, getting chopped up like a leek. When there's a slight profit, it gets slapped back in the opposite direction—either cut your losses decisively or wait for the liquidation notice. Such risk-reward ratios make it unplayable. Many people are blinded by the high returns of contract leverage, without fully understanding the liquidation risks behind it and the difficulty of margin management.