In the crypto world, the core survival rule of futures trading is to control risks, maintain discipline, and continue learning. Here are some key principles to help you survive and achieve long-term profits in a high fluctuation, high leverage market:

1. Strict capital management
Light position is king: a single trade position should not exceed 1%~5% of the total capital (especially for beginners), to avoid being liquidated in one go.
Use leverage with caution: beginners are advised to use leverage of ≤10 times, while experts should also try to limit it to ≤20 times. High leverage is a "double-edged sword," amplifying not only profits but also risks.
Stop Loss to Save Your Life: Set a stop loss in advance (such as 2% to 5% of the principal loss) and refuse to "hold the position." Market disorderly fluctuations can instantly breach your account.
2. Trading discipline is above all.
Planned Trading: Clearly define the entry reasons, stop-loss position, and take-profit target before opening a position to avoid emotional trading.
Avoid Frequent Trading: Overtrading can erode profits due to fees and slippage; wait for high-probability opportunities.
Do not blindly chase rising prices or sell on dips: during extreme market fluctuations (such as spikes or FOMO sentiment), it is often a trap.
3. Technology + Risk Control Combination
Technical Analysis: Master the basic tools (trend lines, support/resistance, candlestick patterns, trading volume), but do not overly rely on indicators.
Go with the trend: trade in a clear trend (e.g., only go long when moving averages are in a bullish alignment), counter-trend operations carry high risks.
Hedging Strategy: Appropriately use hedging (such as opening short positions to hedge spot risks), but be mindful of the funding rate costs.
4. Survival Guide for Extreme Market Conditions
Beware of pinning: Avoid holding positions during low liquidity periods (such as late at night or holidays), or set limit stop-loss orders (to prevent market stop-loss from being triggered).
Black Swan Plan: In the event of extreme fluctuations, prioritize preserving principal rather than bottom fishing or peak selling.
Pay attention to Futures Trading data: long-short position ratio, funding rate anomalies (high rates may indicate a reversal).
5. Psychology and Cognition
Accepting losses: Losses are part of trading. Pursuing "win rate" is not as important as pursuing "profit and loss ratio" (such as above 1:3).
Avoid revenge trading: pause operations after consecutive losses to prevent emotional loss of control.
Don't be superstitious about "gurus": Copy trading communities or KOLs may hide "signal scams"; independent judgment is key.
6. Additional Principles for Long-term Survival
Avoid Shanzhai Contracts: Prioritize trading major coins like BTC/ETH, as Shanzhai coin contracts have poor liquidity and are easily manipulated.
Regular withdrawal: Convert part of the profit into stablecoins or fiat currency to secure gains.
Continuous Learning: Review trading records and study market cycles (such as halving, policy cycles).
Finally, I remind you that the essence of Futures Trading in the crypto world is a zero-sum game, where exchanges, market makers, and institutions have the advantage. If retail investors want to survive, they must be calmer, more disciplined, and more rational than the majority. Always remember: living longer is more important than earning quickly. If you are not prepared to accept high risks, spot dollar-cost averaging or exiting the market may be a safer choice.