Today I'm going to teach you a position management method!
You can reap profits without fearing empty positions, and the key is that you won't get stuck.
Remember this golden rule: only go long at key support levels and short at resistance levels; do not act at other positions!
If BTC is hovering around the resistance level of 95500, then we will open a short position with 5% of our total position. If the price doesn't break through, enjoy the profits; if it does break through, don't panic, wait until it reaches the next resistance level of 96200 and then add another 5%, so your average price will become 95850.
Here's the key point! As long as the price falls back below 95850 from 96200, immediately take profits on half. At this point, your position is still 5%, but your cost price has dropped to 95850. If the price continues to rise, keep following this strategy, adding to your position at higher resistance levels. This way, you won't miss out on a big trend, can steadily reap profits, and don't have to worry about being stuck!
Lastly, remember to add to your position near resistance levels, as the probability of a pullback is highest here!
Of course, you must also have a stop-loss, although the probability of a sudden drop of several thousand points is less than 10%, when the market goes crazy, no one can predict! Don't fight the market head-on; what we want is steady and consistent gains!