#美国证券交易委员会推进数字资产监管框架创新 There is a buddy of mine, two years older than me, but his mind is not at all calm.

We both started trading contracts almost at the same time, with the exact same approach—tripling in two days, then immediately losing it all back. Later, after experiencing the wake-up call of a liquidation, we sat down to review carefully, and I realized how absurd my operations had been.

Contracts are like a magnifying glass; if you open 5x leverage, it amplifies your gains and losses by 5 times. 10x leverage amplifies by 10 times. Earning money quickly is one thing, but losing it just as fast. That’s the essence of its double-edged sword.

**First Lesson: Don’t blindly look at funding rates**

This thing is a thermometer of market sentiment. When the funding rate is positive, longs are paying shorts—indicating the market is bullish and the high point isn’t far off; negative funding rates mean shorts are paying longs, suggesting the market is turning bearish and may continue to decline. Successful traders always check the funding rate first before deciding which side to take.

**Second Lesson: Leverage is not a weapon, but a magnifying glass**

3x to 5x leverage is sufficient; beginners should never touch high leverage. 20x, 50x—only the ones who can treat liquidation as a daily routine should try. Remember: position size is a thousand times more important than direction. Staying alive today means you have a chance to exit tomorrow.

**Third Lesson: Trading involves four steps**

Step one: identify the trend. Don’t obsess over minute-by-minute K-line fluctuations; look at the daily chart, check the moving average direction, and gauge market sentiment.
Step two: find an entry point. A four-hour retracement, RSI showing rebound signs, and increased volume are true signals.
Step three: set a stop-loss. Stick to your preset point and cut losses immediately—don’t get emotionally involved with the market.
Step four: know when to take profit. Capture 10%-20% gains first. Big market moves will come again; don’t miss this wave.

**Fourth Lesson: Leave room in your position**

Never allocate more than 30% of your total funds to a single coin; diversify to have flexibility. The cruelest thing in crypto isn’t losing money, but being out of bullets when opportunity knocks.

Final insight: The real skill in crypto trading isn’t prediction ability, but risk control. Being steady, patient, and waiting—if you master these three, you can survive long-term in this magnification game. Winning once is easy; the hard part is still being at the table after ten waves of volatility.

$ICNT $USUAL