In the crypto world, you can miss an opportunity, but you cannot reveal your hand.
Many people lose money not because they judged the direction wrong, but because they failed to control their positions. If you make a heavy bet and are wrong, you have to exit, and you lose the chance to participate in future good markets.
✅ Three key issues of position management:
1️⃣ Do you have 'full position anxiety'?
Many people, upon seeing an opportunity, put all their capital in. If it rises, that's fine, but once the market fluctuates or gets washed out, they are reluctant to stop losses, resulting in greater losses.
Suggestion:
Establish a dual account system of 'foundation + opportunity'. For example, 70% for long-term holdings and 30% for flexible trading;
Each trade should not exceed 10%-20% of the total position, especially for beginners.
2️⃣ Do you set 'capital stop-loss'?
Many people have a technical stop-loss concept, such as stopping losses when breaking support. But the truly skilled also consider 'how much am I willing to lose this time'.
For example, if you operate with 1000U, even if technically you can still hold, but the account drawdown reaches -150U, you should cut your position directly.
Key:
It's not the market that kills you; it's that you haven't thought clearly about 'how much tuition you are willing to pay'.
3️⃣ Do you know how to use 'scaling strategies'?
Scaling up is also a skill; it's not just about buying when prices rise and averaging down when they fall.
For example:
Build positions in batches: buy 30% first, then add after confirming the trend;
Trend-based scaling: add to your position when the price breaks resistance and trading volume increases;
Do not add to your position against the trend: buying more as prices drop can lead to greater losses.
Tip: Set a discipline line for 'forced liquidation if account drops below XX%', which can help you survive a few more cycles over a year.
Remember this: it's not that there are too few opportunities, it's that you live too short.