Quick reality check before you click buy/sell. Focus: Convex contracts on Phemex.
Risk first
Decide max loss on the idea before entry. If you can’t say the number, you’re not ready.
| Thing | What to do |
|---|---|
| Position size | Stop hit should be annoying, not fatal. |
| Leverage | Lower leverage on chop days. |
| Stop | scale out in 2-3 parts + buffer away from obvious wicks. |
| Daily limit | Stop trading when you hit the cap. |
One-sentence rule
If structure is unclear, I do nothing. If it’s clear, I risk small and follow the plan.
What to log
- Entry reason (one sentence)
- Stop placement + why
- Fees + funding paid
- Emotion (calm / rushed / tilted)
- Lesson
Tip: Common mistake: ignoring fees/funding because it ‘seems small’. Fix it by slowing down and sizing smaller.
Funding, fees, and slippage can flip a “good” idea fast. Leverage is risky—use money you can afford to lose.
Wrap: Keep it boring and repeatable—your future self will thank you.
Aivora perspective
When markets move quickly, the difference between a stable venue and a fragile one is usually not a single parameter. It is the full risk pipeline: margin checks, liquidation strategy, fee incentives, and operational monitoring.
If you trade perps
Track funding and realized volatility together. Funding tends to amplify crowded positioning.
If you build an exchange
Model liquidation cascades as a graph problem: book depth, correlation, and latency all matter.
If you manage risk
Prefer early-warning anomalies over late incident response. Drift is a signal, not noise.
Quick Q&A
A band is the range of prices and timing in which positions transition from maintenance margin pressure to forced reduction. Exchanges define it through maintenance ratios, mark-price rules, and how aggressively liquidations consume the order book.
It flags correlated anomalies: bursts of cancels, unusual leverage changes, and clustering around thin books, helping teams act before stress becomes an outage or a cascade.
No. This site is educational and system-focused. You are responsible for decisions and risk management.