Risk Management

MNQ可以帮助交易者更精细地调整纳指敞口，但合约变小并不等于风险消失。

MNQ contracts can help traders scale exposure more precisely, but smaller notional size does not remove futures risk.

科技股下跌本身是一种压力，但如果油价和利率同时上行，指数风险就会从板块轮动变成跨市场冲击。

A tech-led pullback can become a broader risk event when oil and Treasury yields rise at the same time.

短线反弹可能来自真实买盘，也可能来自空头被迫平仓。合约交易者需要同时检查持仓量、资金费率和强平分布。

A short-covering rally can look like fresh demand, but futures traders should separate spot momentum from forced liquidations, funding, and open-interest risk.

跟单交易是把交易决策交给他人，网格机器人是在价格区间内自动挂单，两者风险结构完全不同。

Copy trading delegates trade selection to another trader, while grid bots automate range orders. The risk profile is completely different.

现货杠杆是在现货订单簿上借币交易，核心流程是划转、借入、监控保证金水平、还款并核对利息。

Spot margin lets traders borrow assets against collateral, but the key workflow is transfer, borrow, monitor margin level, repay and review interest.