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

**Contracts are actually very simple — 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 for appreciation; contracts are about short-term directional betting. The price swings in between? For contract traders, they’re meaningless—only the volatility matters.
**Perpetual or Delivery? Your choice determines your playstyle**
Perpetual contracts have no expiration date, suitable for those who want to hold positions long-term. But here’s the problem: every 8 hours, the system charges funding fees, with longs and shorts paying each other. $PIPPIN For such coins, 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 you must be careful: price gaps can easily occur before and after expiry, and you might get liquidated without warning. $BEAT Volatility is a prime example.
**Three concepts every beginner must understand**
Leverage is both an accelerator and a crusher. 10x leverage means that a 1% price movement 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 get the idea.
Liquidation is the system’s last line of defense—if your margin is insufficient, the system will close your position without asking for permission. 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 only lose what’s in that position before it’s closed. In cross margin mode, all positions share the same margin; if one position gets liquidated, others can be affected too, like a chain reaction. 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; anything higher is basically gambling with your life. At high leverage, your margin for error is nearly zero—you have no room for mistakes. $SOL Even mainstream coins are like this, let alone smaller tokens.
Limit your losses to no more than 2% of your principal each time—if you’re wrong, cut immediately. Many people are reluctant to cut losses, thinking “maybe it will bounce back,” but in reality, they lose more and more. This is called loss aversion in psychology, and in trading, it’s suicidal.
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 people**
Those who see contracts as a “shortcut” to get rich quickly usually exit early. The traders who last long see contracts as “a betting tool with stop-losses.” Surviving by following the rules, patiently waiting for opportunities—that’s the correct way to trade contracts.