I am a straightforward person, but every word is a truth earned through blood and tears.

To be honest, position management is a hundred times more useful than your daily research on candlestick charts!

I have seen too many people die because of this.

I know a guy who back in the day rushed into the crypto world with a few million, playing with leverage like a reckless young man. One time he opened a 100x contract without batting an eye, and by midnight, he got liquidated, ending up with nothing left. Did you think he misjudged the direction? Nonsense! He later reviewed his trades and found that he actually read the trend correctly; he just couldn't withstand the volatility because his position was too heavy. This is a bloody lesson!

Let me tell you some practical advice:

1. When buying spot, don’t act like a starving ghost reincarnated; don’t just throw money in when you see it rise. Take $100 as an example; first, throw in $30 to test the waters, then add $40 when it dips, and finally leave $30 to buy the dip. Especially for those of you who stare at the 4-hour chart every day, it’s impossible to pinpoint the bottom. Doing it this way at least prevents you from falling off the cliff halfway.

2. Contracts are like a slaughter knife! You think opening 10x leverage with $10 is fine, but it’s actually like tying $100 to a roller coaster. If the market shakes a little, your account could be wiped out. How many people died on LUNA last year? They were all gamblers who didn’t believe in danger!

3. Stop-loss is a lifesaver! My ironclad rule: never lose more than 1% of total capital on a single trade. Even if I step on landmines 100 times in a row, I still have capital to turn things around. Those who always "hold on to their positions" have grass two meters high on their graves!

4. Opening a position is not a matter of impulse! Calculate how much you can take before you act. I dare to take a 3x position in short-term trading because I can run away within 5 minutes. If you don’t have that ability, lower your leverage early and don’t wait until you’re liquidated to cry for help.

Remember, surviving long in the crypto world is real skill. In a bull market, even pigs can fly, but those without position management will fall and become dead pigs! Those who flaunt their hundred times returns every day, do you see them daring to show their liquidation records? Control your hands, and if you keep the green mountains, you will have the right to laugh last.

Opportunities and risks coexist in the crypto world; staying vigilant and timing is key. I have also discovered a short-term project with huge doubling potential! If you want to keep up, follow me without charge for sharing!