Account management skills are worth more than the guts to place orders
We banned another account last week that kept shouting "guaranteed wins." This guy had followers go all-in on 20x long Bitcoin, and that very night the funding rate spiked sharply into the positive, wiping out the longs completely. I've seen too many people treat perpetual futures like a casino, not even understanding that this is a mathematical game, not a probability game.
I've stepped into the pit too. When I first entered the market, I got reckless and tried 50x leverage—the slightest price movement sent me straight into liquidation, and my account dropped to two digits instantly. The fact that I'm still alive in this market is entirely due to experience gained from stepping into every possible trap.
**Master these fundamentals first, or you're just paying tuition to others**
The funding rate is basically the market's thermometer. When it's positive, longs are paying shorts—this reflects that market sentiment has overheated and too many people are chasing the rally. Jumping in to go long at that moment means catching the falling knife. When the rate turns negative, shorts are paying longs, but don't rush to buy the dip either—you'll easily get trapped deep.
Leverage over 5x is risky for beginners. Even after years of grinding myself, I rarely go beyond 10x. Some people jump straight into 50x or 100x—any slight price movement and they're liquidated with no time to react.
Then there's the mark price mechanism, which is much more reliable than real-time trade prices. It effectively prevents malicious wicking that sweeps stop-losses—this is your defense line. You must fully understand this logic.
**My four-step method now has all been battle-tested**
Step one, confirm the overall direction first. I mainly look at the daily EMA30 and EMA...
Account management skills are worth more than the guts to place orders
We banned another account last week that kept shouting "guaranteed wins." This guy had followers go all-in on 20x long Bitcoin, and that very night the funding rate spiked sharply into the positive, wiping out the longs completely. I've seen too many people treat perpetual futures like a casino, not even understanding that this is a mathematical game, not a probability game.
I've stepped into the pit too. When I first entered the market, I got reckless and tried 50x leverage—the slightest price movement sent me straight into liquidation, and my account dropped to two digits instantly. The fact that I'm still alive in this market is entirely due to experience gained from stepping into every possible trap.
**Master these fundamentals first, or you're just paying tuition to others**
The funding rate is basically the market's thermometer. When it's positive, longs are paying shorts—this reflects that market sentiment has overheated and too many people are chasing the rally. Jumping in to go long at that moment means catching the falling knife. When the rate turns negative, shorts are paying longs, but don't rush to buy the dip either—you'll easily get trapped deep.
Leverage over 5x is risky for beginners. Even after years of grinding myself, I rarely go beyond 10x. Some people jump straight into 50x or 100x—any slight price movement and they're liquidated with no time to react.
Then there's the mark price mechanism, which is much more reliable than real-time trade prices. It effectively prevents malicious wicking that sweeps stop-losses—this is your defense line. You must fully understand this logic.
**My four-step method now has all been battle-tested**
Step one, confirm the overall direction first. I mainly look at the daily EMA30 and EMA...