I believe many cryptocurrency friends have experienced the helpless feeling of being stuck after buying with all their funds, feeling disconnected when the market surges, and hesitating to cut losses. These can be avoided through position management.

Enough small talk, let's get to the point:

Position management advice for everyone now:

For example, if you take out 30,000 USDT to trade contracts.

Then my suggestion is to divide it into three parts, each part being 10,000 USDT.

Each time you open a position, use one part to open it, a fixed amount of 10,000 USDT.

Bitcoin should not exceed 10x, and altcoins should not exceed 5x.

If you are at a loss,

For instance, if you lose 1,000 USDT, you can compensate from outside with 1,000 USDT.

If you make 1,000 USDT, you should withdraw 1,000 USDT.

Ensure that in the recent period,

Every time you open a position, you can ensure it stays at a fixed amount of 10,000 USDT.

Until you turn 30,000 USDT into 60,000 USDT using this method.

Raise each of your positions to 20,000 USDT.

This is how to do it. The benefits are:

First point, diversify with low leverage to avoid being affected by exchange spikes that can lead to total loss.

Second point, avoid issues like this. If you encounter a loss one day, you might lose at most 1/3, and the rest provides a buffer opportunity.

Third point, maintain a fixed position; whether you are losing or making a profit, you can keep a relatively calm mindset, which helps stabilize your emotions.

My habit when opening positions is to fully invest at once.

For example, 1 part of 10,000 USDT for each coin in a market move is a full investment.

Fully investing is 1/3 of the funds for diversification, with altcoins at 5x and Bitcoin at 10x, so you can fully enter and exit.

This way, my overall grasp of the opening positions is more precise and accurate.

If you always use stop-loss and low leverage, you won't be at risk of liquidation.

My logic is not to look at any indicators but to focus on position profit and loss.

For example, if my total scale gains X%, I increase one position; if my total scale loses Y%, I will stop-loss or exit entirely.

All operations are only related to my position's profit and loss; the candlestick chart only indicates the initial direction of my positions.

As for those indicators, their original purpose is to reflect the profit and loss situation of the positions that invented them.