Position management advice for everyone: for example, if you allocate 30,000 USDT for contracts, my suggestion is to divide it into three parts, with each part being 10,000 USDT. Use one part to open a position each time, with a fixed 10,000 USDT. Do not exceed 10 times leverage for Bitcoin and 5 times for altcoins. If you lose money, for instance, if you lose 1,000 USDT, you can add 1,000 USDT from outside. If you gain 1,000 USDT, withdraw that amount. Ensure that each time you open a position, you maintain a fixed position of 10,000 USDT. Continue this way until you have earned 60,000 USDT from your initial 30,000 USDT, and then increase each part's position to 20,000 USDT. The benefit is:
First point, split positions + low leverage to avoid losing all funds due to exchange spikes.
Second point, avoid the problems you might face when overly invested. If one day you get too invested and lose everything, you will at most lose 1/3, leaving the rest as a buffer opportunity.
Third point, maintain a fixed position. Whether you are in a loss or profit, keeping a relatively calm mindset can help stabilize your emotions.
My habit is to fully open positions at once. For example, one part is 10,000 USDT, and when the market moves for one coin, it's a full position. Fully loaded means using 1/3 of the split capital, 5 times for altcoins and 10 times for Bitcoin, thus entering and exiting fully. This way, I can grasp the entry points more precisely. If you always use stop-loss and low leverage, there’s no risk of liquidation.
If you are tight on funds, currently facing significant losses, or in debt, do not invest too much money. Just invest 1,000 or 2,000 yuan, dividing it into three parts, and take it slow. Don't think it's too little; 1,000 yuan per part means only 300 yuan. In this market, any amount can matter, and that's important.
On how to reduce losses.
Three points of advice:
First point, do not use high leverage. Altcoins over 5 times, Bitcoin over 10 times, is considered high leverage. Using high leverage is always a one-way street.
Second point, do not trade against the trend. If the price has gone up and you want to short, even if there are short positions available, you have to tell yourself that you can't handle this market. It’s better to miss an entire cycle than to try to touch the peak or bottom fish against the trend.
Third point, trading should be logical. Don't just look at the charts.
