In the cryptocurrency world, many people incur losses not due to a misjudgment of direction, but because they fail in position management. I have a friend who, when he first entered the market, blindly leveraged and filled his positions without caution, losing over a million in just a few months. Upon reviewing his trades, it became clear that he understood market analysis, but lacked a scientific method for position control. Later, I taught him a practical strategy that not only allowed him to break even but also doubled his assets.

Here are some core position management tips:

1. Spot trading: Avoid going all in at once. For example, with 100U, it is recommended to build positions in three stages (30U-40U-30U) to avoid buying at high points and effectively lower the holding cost, suitable for uncertain bottom market conditions.

2. Contract risk: Leverage is a double-edged sword. With 10x leverage, a 10U position actually carries the risk of 100U in spot trading. If you open a 100U contract, the risk exposure can reach 1000U, and a 10% fluctuation could lead to liquidation, so caution is imperative.

3. Stop-loss principle: Keep single losses within 1% of total capital. Even if you incur losses 100 times in a row, you can still preserve the opportunity for a comeback; survival is always the top priority.

4. Position planning: Set positions based on your own risk tolerance. Even if short-term operations are aggressive, it is recommended to have a maximum of 3x full positions to ensure that stop-losses are manageable.

The cryptocurrency world is not about who dares to go all in, but about who can survive the longest. By managing positions scientifically and maintaining rationality, one can achieve long-term profits in the market. Remember: improper position management makes entering the market akin to stepping into a gambling game, and its importance far exceeds that of selecting coins.