#美国贸易赤字状况 $CLO Attention, partners. Many people are losing money on the contract side, but most of them are not completely wrong about the direction; they simply haven't fully understood the game rules.

Recently, a trader was chatting with me. They got the direction right and held their position for several days, but in the end, they were eaten alive by funding fees and their account was forcibly liquidated when they could no longer maintain the margin. As soon as they exited, the market took off. This kind of thing happens every day in the futures market.

To put it plainly, what kills you isn't the trend itself, but this set of invisible rules.

**First Pitfall: Contracts are not about whether the rise or fall is correct, but whether you've calculated the costs clearly**

Everyone only looks at the candlestick charts, completely ignoring the real money-eating monsters—funding fees, slippage, liquidation mechanisms. Funding fees are settled every 8 hours; holding a full position and stubbornly enduring it is essentially gambling with time.

My approach is this: if funding fees are consistently high, only then dare to trade short-term, and you must be on the paying side. For medium-term trading, never rely solely on willpower to hold through; profits from account shrinkage are meaningless.

**Second Pitfall: The liquidation line is closer than you think**

Some believe that using 10x leverage requires a 10% drop to be liquidated. But when you factor in trading fees and maintenance margin requirements, the liquidation line is already behind you.

What to do? Avoid full-position trading. Use isolated margin mode, lock leverage between 3 to 5 times, giving the market room to move against you and also giving yourself a chance to survive.

**Third Pitfall: Leverage multiples should match the holding period**

High leverage amplifies both profits and transaction costs, as well as psychological pressure. Remember this logic: the longer you hold, the lower the leverage should be; for short-term trading, high leverage is suitable.

Many people either can't trade contracts or have already gone wrong from the very beginning. Exchanges aren't afraid of you losing money; what they truly fear is someone mastering the rules. To stay steady in futures trading, don't just bet on the direction—first understand the cost structure.