Counting profits is more valuable than the courage to place orders

Last week, another account that kept shouting "guaranteed win" was banned. This guy told followers to go all-in with 20x leverage on Bitcoin, and as a result, the funding rate skyrocketed that night, and those long positions were wiped out completely. I've seen too many people treat perpetual contracts like a casino, without understanding that the essence of these instruments is a mathematical game, not a probability game.

I've also fallen into the trap. When I first entered the market, I was impulsive and tried 50x leverage. When the market moved slightly, I was liquidated immediately, and my account balance dropped to two digits. Now, being able to stay in this market is entirely due to the experience gained from stepping on every pit.

**Master these basic skills first, or you'll just be paying tuition for others**

Funding rates are actually a thermometer of the market. When the rate is positive, it means longs are paying shorts, reflecting that market sentiment is overheated and too many are chasing the rally. Entering at this moment to go long is like catching the last wave. When the rate turns negative, it's a different story—shorts have to pay longs. At this point, don't rush to buy the dip, as you might get trapped deeply.

Leverage is very risky for beginners above 5x. Even I, after years of experience, rarely go beyond 10x. Some people start with 50x or 100x, and when the market fluctuates slightly, they get pushed out immediately, with no time to react.

The mark price mechanism is much more reliable than the real-time transaction price. It effectively prevents malicious attempts to manipulate stop-losses by maliciously inserting prices. This is your defensive line, and you must understand this logic thoroughly.

**The four-step method I use now has been validated through actual combat**

Step one, confirm the main direction. I mainly look at the daily EMA30 and EMA...