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Notes from Fibonomy on risk, position sizing and trading with a plan.

Three profitable closed futures trades show +$260 in total, while fees, funding, and open losses lead to a negative account P&L of -$65.

September 7, 2026Position Mechanics

Why Is My Futures P&L Negative When My Closed Trades Are Profitable?

Your closed trades can be green while your actual futures result is red. The difference is often hidden in fees, funding, open losses, partial closes, and what each P&L field actually measures.

Changing leverage in futures from 10x to 20x while keeping the same 0.25 BTC position, showing lower initial margin, higher ROI, unchanged P&L, and changed

September 3, 2026Position & Account Risk

Why Changing Leverage Doesn't Always Change Risk the Way You Expect

Changing 10x leverage to 20x does not automatically double the risk of an existing position. Position size, margin mode, stop distance, and account state matter more than the leverage number alone.

Adding to a futures position can improve the average entry price while increasing position size and liquidation risk.

August 31, 2026Position & Account Risk

What Happens to Liquidation Risk When You Add to a Futures Position?

Adding to a futures position can improve your average entry price while increasing the amount of capital at risk. Here’s what actually changes when you size up.

Cross margin liquidation showing multiple open futures positions sharing one account margin pool and moving the account toward liquidation risk.

August 28, 2026Position & Account Risk

What Actually Triggers Liquidation in Cross Margin?

In cross margin, liquidation is often an account-level event. Here’s how equity, maintenance margin, open positions, and risk ratios combine to determine when the exchange intervenes.

Liquidated with stop loss: the difference between a planned stop-loss exit and an exchange liquidation boundary.

August 27, 2026Position & Account Risk

Why You Can Be Liquidated With a Stop Loss

A stop loss is a protection tool, not a guarantee. Learn why liquidation can still happen before or around a stop-loss event.

Funding fee liquidation price changes as repeated funding payments reduce the margin or equity supporting a futures position.

August 25, 2026Position & Account Risk

Can Funding Fees Move Your Liquidation Price?

Funding can change your futures account even when you place no new trade. Here’s how funding payments affect margin, equity, and liquidation risk.