Risk Management

Reduce-only和post-only只是订单界面上的小选项，却分别解决持仓方向和成交方式两类问题。

Reduce-only and post-only look like small order-screen settings, but they solve very different futures trading problems.

黄金短线反弹后回落，交易者更应关注合约规模、保证金、美元和利率敏感度，而不是只看方向。

Gold’s latest pullback after a short winning streak makes contract sizing, margin and dollar-rate sensitivity more important than headline direction.

BONK约2000万美元金库事件提醒交易者，DAO投票机制本身也可能变成价格和流动性风险。

A $20 million BONK treasury drain turns token voting mechanics into a practical risk checklist for memecoin and DAO traders.

解锁速度下降可能减轻新增供应压力，但价格影响仍取决于流动性、持有人行为和衍生品仓位。

A slower unlock rate can reduce new supply pressure, but tokenomics events still need liquidity, holder-behavior and derivatives checks.

持仓模式会改变多空订单的处理方式。设置错误时，本来想对冲的订单可能变成平仓，本来想平仓的订单也可能变成新增敞口。

Position mode changes how long and short orders interact. The wrong setting can turn a hedge into a close, or a close into a second exposure.