How to manage funds effectively?

1. Always set a stop-loss after opening a position; make it a habit. You must set a stop-loss when opening a position and never have any illusions about it.

2. The stop-loss amount for each trial position must not exceed 2% of the total amount (depending on your own risk tolerance; I suggest starting at 1%, and once you achieve stable profits, you can adjust it based on your own risk).

3. Strictly adhere to stop-loss rules; if total capital loss reaches 30%, close all positions immediately without conditions.

4. If you forget to set a stop-loss and realize it later, you must close the position immediately. Never expect a rebound before closing or think about averaging down the loss; almost all successful traders have failed in this regard. You might endure it 10 times, but if you can't endure it just once, the previous 9 times are nullified.

5. For initial learning, it is not recommended to increase the position size; just open a fixed position each time.