Most people trading cryptocurrencies always feel that their losses are due to "misreading the direction"

But the truth is more brutal — what kills you is often not the direction, but the position

The classic script for retail investors: as soon as the market starts to rise, they rush to sell, pocketing a little profit, only to watch the main upward wave from the sidelines

What about when the market is falling?

Not only do they not cut losses, but they stubbornly add to their positions, ending up doubting life as they keep averaging down

In simple terms, most people fundamentally do not understand the essence of position

Position is not just a simple "size of leverage," but rather your survival switch

Why are skilled traders not afraid of fluctuations?

Because their positions are like well-laid traps: if it drops, they have bullets to buy more, and if it rises, they're already making a profit

No matter how the market moves, they can stay comfortably within their safe zone

And what about retail investors?

They panic at the slightest tremor, their positions are too heavy, and their mindset has already collapsed

The significance of position management is not to help you earn more, but to ensure that you don’t lose too quickly

If you can survive long enough in the market, a big trend will eventually come to you

In short, those who understand position will see their account curve steadily rise

Those who do not understand will see their curve always plummet straight down

— Position is not a skill, it's a line between life and death