Previously discussed the issue of position in live broadcasts, sharing for everyone to learn on their own.

Position management advice: For example, if you take out 30,000 U to trade contracts, my suggestion is to split it into 3 parts of 10,000 U each. Use 1 part to open a position each time, keeping a fixed position of 10,000 U. Bitcoin should not exceed 10x leverage, and altcoins should not exceed 5x. If you lose money, for instance, if you lose 1,000 U, you can top up 1,000 U from outside. If you gain 1,000 U, withdraw the 1,000 U. Ensure that every time you open a position, you can maintain a fixed position of 10,000 U like this. Until you have made 60,000 U from the original 30,000 U, you can then increase each part's position to 20,000 U. The benefit is:

Point 1: Diversify your positions + use low leverage to avoid being liquidated by sudden spikes from the exchange, which can cause you to lose all your funds.

Point 2: Avoid such issues. If one day you get too excited and lose everything, then the most you would lose is 1/3, leaving you with a buffer for recovery.

Point 3: Maintain a fixed position. Whether you are losing or making a profit, you can maintain a relatively calm mindset, which can help stabilize your emotions.

My habit when opening positions is to go all in at once. For example, if 1 part is 10,000 U, I would fully invest in one coin when the market moves. Going all in means using 1/3 of the diversified fund, with altcoins at 5x and Bitcoin at 10x. This way, my entry points are more precise. If you're using stop-losses and low leverage, you won't face liquidation.

If you have tight funds or are currently losing a lot or in debt, don't invest too much money. Just invest 1,000 or 2,000 yuan, split it into 3 parts, and take your time. Don’t underestimate it; 1,000 yuan per part is only 300 yuan. In this market, every penny counts, and that's very important.

Three tips on how to reduce losses:

Point 1: Avoid high leverage. Altcoins over 5x and Bitcoin over 10x are considered high leverage. Using high leverage is always a one-way street.

Point 2: Avoid taking counter-trend positions. When the market goes up, and you want to short, even if there are short opportunities, you have to tell yourself that this market is not for you. You'd rather miss a whole cycle than to chase the top or try to catch a falling knife.

Point 3: Trading should be logical. Don't just look at the charts.