#密码资产动态追踪 Contract trading frequently results in liquidation? Check if you're digging your own grave

After eight years of trading, I've seen too many people stumble in front of leverage. Actually, liquidation isn't caused by leverage itself, but by your initial misunderstanding of risk.

**Leverage itself does not equal risk**

100x leverage looks intimidating, but if you only use 1% of your position, the actual risk is equivalent to holding a full spot position — which is not scary. The real risk formula is simple: leverage × position size ratio. Even with a large multiple, if you keep your position small enough, you can still survive well. The key is that very few people can resist this "sense of security."

**Stop-loss is your life-saving charm**

The maximum loss per trade should be 2% of your principal. Once you set this line, you won't blow your account for ten years. You must believe this number is more effective than any technical or fundamental analysis.

**Rolling positions ≠ all in**

Adding to your position with profits is true trading. For example, with a principal of 50,000 yuan: place an initial order of 10% (5,000 yuan). If you gain 10%, use that profit to add another 10%. This operation can push your safety margin up to 30%, rather than doubling your risk.

**Institutional-level risk control system**

Total position ≤ (Principal × 2%) / (Stop-loss range × leverage)

Using the same 50,000 yuan, with a 2% stop-loss and 10x leverage, you can only open a position of 5,000 yuan at most. The calculation is a bit small, but this is the secret to longevity.

**Take profits rhythmically**

Take 1/3 profit when gaining 20%, then take another 1/3 at 50%, and let the remaining position follow the 5-day moving stop-loss. This way, you won't be greedy or get out too early.

**Mathematical logic of trading**

Expected value = (Win rate × profit) - (Loss rate × loss)

As long as you keep a 2% stop-loss and 20% take-profit, even with a win rate of only 34%, you can still make money. Professional traders with an annual return of 400% rely on this discipline, not black magic.

**Final checklist**

Single loss does not exceed 2%
No more than 20 trades per year
Profit-loss ratio at least 1:3
Spend 70% of the time observing

The abyss is always there, but whether you cross over or not depends on your own decision.