Trading perps without rules is like driving 200 km/h on ice ❄️ Feels fine… until you hit the first turn.
These 7 mistakes are the ice patches that wipe out most new traders. Learn how to spot and avoid them.

Dive deeper in our blog post or keep reading below 🔽

🚀 Going all-in on leverage
20x sounds exciting… until a tiny dip feels like a free fall.
Example: $200 margin at 20x = $4K position.
$BTC drops 1.5% → you lose $60 (30% of margin) in minutes.
Leverage is a tool, not a lottery ticket.

🛑 No stop-loss, no plan
Hope is not a strategy. One candle can erase your account.
Example: $1K account, risk 1% = $10. Place SL so if you’re wrong, you only lose $10.
Stops don’t limit your profit – they keep you in the game.

💸 Ignoring funding rates
Funding looks tiny until it eats your balance.
Example: Long $5K $ETH, funding +0.03% every 8h. That’s $4.5/day. Hold for a week → -$30 even if price goes sideways.
Always check funding before you click.

😱 FOMO & revenge trades
Miss a breakout, chase the top, flip short, get liquidated again.
We’ve all been there.
If you don’t write your entry, target, and invalidation first – the market writes your PnL for you.

📰 Going heavy on news
CPI, listings, announcements – spreads widen, funding flips, fills slip.
Example: $ETH jumps +1.5% then dumps -2% in 60 seconds. A 15x scalp can’t survive the whiplash.
During news, size down or wait.

📓 No trading journal
If you don’t track, you repeat mistakes.
Log entry, stop, size, result, and mood. After 30 trades you’ll spot patterns – like most losses after midnight or after big wins.
Journals save more than charts.

🪞 Treating perps like spot
Spot lets you “just wait it out.” Perps don’t.
Example: $BTC drops 5%. Spot holders hold. A 10x perp long gets liquidated – game over, even if price bounces later.
Understand margin, mark price, and funding.

✅ Quick checklist before entering a trade:
☐ Entry, SL, target clear
☐ Position fits risk
☐ Funding checked
☐ Calm, not chasing
Simple list, fewer disasters.

Long, short, leverage – all inside Telegram ✈️
Perps in Blum are closer than you think.
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