Engaging in Futures Trading (leverage, Perptual Futures, etc.) in the crypto world is a behavior that coexists with high returns and high risks. The core of survival lies in **risk control** and **discipline**. Here are some key survival rules applicable to Newbies and seasoned traders:

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### **1. Absolute Adherence to Risk Management Principles**
- **Position Control**: The position of a single trade should not exceed 1%~5% of the total capital (adjust according to risk tolerance), to avoid heavy betting.
- **Stop Loss First**: Set a stop-loss point before opening a position (for example, 2%~5% of the principal) and strictly adhere to it. Reject the fantasy of "holding the position."
- **Leverage Caution**: Newbies are advised to use leverage below 10x, and even experts should not exceed 20x. High leverage can amplify fluctuations, and a single mistake can lead to liquidation.
- **Avoid Frequent Trading**: Reduce emotional actions; overtrading increases fees and the probability of errors.

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### **2. Market Awareness and Strategies**
- **Trend is King**: Do not go against the trend (for example, do not short during a bull market, do not catch the bottom during a bear market), trading with the trend has a higher success rate.
- **Technical Analysis Assistance**: Master basic technical tools (support/resistance, moving averages, trading volume, RSI, etc.), but do not overly rely on indicators.
- **Be Cautious of News**: Major news (such as Federal Reserve policies or exchange crashes) may trigger significant volatility, so prepare in advance.
- **Avoid "FOMO"** (Fear of Missing Out): Don't chase after rising prices or sell in a panic; missing an opportunity is safer than losing money.

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### **3. Psychology and Discipline**
- **Emotional Isolation**: Do not let profits inflate, and do not retaliate against losses. Pause trading during the cooling-off period.
- **Planned Trading**: Develop entry, take profit, and stop loss strategies in advance, write them down and strictly adhere to them.
- **Regular Withdrawals**: Convert some profits into stablecoins or fiat currency to avoid being paper rich.
- **Accept Losses**: Losses are a part of trading; the key is to achieve long-term positive returns.

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### **4. Practical Skills**
- **Partial Take Profit**: Close positions in batches after reaching the target (e.g., take profit at 50%, set a trailing stop for the remaining).
- **Avoid low liquidity periods**: Nighttime or holidays are prone to spike liquidations.
- **Pay attention to funding rates**: When the funding rate is too high in Perptual Futures, longs need to pay shorts, which may affect the trend.
- **Black Swan Plan**: In extreme market conditions (such as exchange outages, flash crashes), set conditional orders in advance or pause trading.

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### **5. Survival Bottom Line**
- **Only use spare money**: Never borrow or use living funds for trading.
- **Reject the temptation of "capital protection"**: Any strategy that promises guaranteed profits (copy trading, following trades) is likely a scam.
- **Continuous Learning**: The market cycles change rapidly, requiring iterative strategies (such as when DeFi and new derivatives emerge).

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### **Last Reminder**
The essence of Futures Trading in the crypto world is a zero-sum game, with less than 5% of participants being long-term winners. If strict discipline cannot be followed, spot trading or dollar-cost averaging may be a safer choice. **The core of survival is not to get rich overnight, but to survive until the next bull market.**