Don't understand position management? You're just one step away from stable profits!

Many people can't tell the difference between opening 10 times with 1000 USDT and opening 5 times with 2000 USDT. In essence, they are the same, with a total position of 10,000 USDT, but the liquidation prices differ. You have 10,000 USDT in capital; with 1000 USDT × 10 times, you can open 10 times, while 2000 USDT × 5 times only allows for 5 times. The return rate is the same, which one do you choose?

99% of people in the crypto world fail due to position management! Position management = risk control = stable profits. Market analysis is just the starting point; the real victory or defeat lies in execution after entering the market.

Complete thought process

1️⃣ Market analysis: Do what feels good to you.

2️⃣ Position management: Increase position for profits? Take profits? Hold positions? Cut losses? Every step must be planned in advance.

3️⃣ Strict execution: Clear plan, never be swayed by market fluctuations.

4️⃣ Review and summarize: Backtest bull markets, bear markets, and consolidations, continuously refine strategies.

Key point: Find support and resistance lines, adjust positions according to market trends, balancing profits while closely monitoring risks.

If you can understand this set of position management, you've already beaten most people. Follow Lao He, and pay less tuition!