Previously discussed the issue of position size in live broadcasts. Sharing this for everyone to learn on their own.

Current advice on position management: For example, if you take out 30,000 USDT for contracts, my suggestion is to divide it into 3 parts of 10,000 USDT each. Each time you open a position, use one part to enter, ensuring a fixed position of 10,000 USDT, with Bitcoin not exceeding 10x and altcoins not exceeding 5x. If you lose money, say 1,000 USDT, you can supplement that from outside. If you make 1,000 USDT, withdraw that amount. Ensure that for the recent period, each time you open a position, you can maintain a fixed position of 10,000 USDT. Until you have turned 30,000 USDT into 60,000 USDT, then increase each part of your position to 20,000 USDT. The benefit is:

First point: Divide your positions and use low leverage to avoid losing all your funds due to market spikes.

Second point: Avoid making impulsive decisions. If you lose everything one day, the maximum loss will be 1/3 of your funds, leaving the rest as a buffer.

Third point: Maintain a fixed position. Whether you are losing or making a profit, keeping a relatively calm mindset can help stabilize your emotions.

My habit when opening positions is to go all in at once. For example, if one position is 10,000 USDT, I enter the entire position in one go for one coin at a time. Going all in means using 1/3 of my funds for divided positions, 5x for altcoins and 10x for Bitcoin. This way of entering allows me to have a more precise grasp of the entry points. If you always set stop losses and use low leverage, it's impossible to get liquidated.

If you have tight funds, or you are currently experiencing significant losses or debts, do not invest too much money. Just invest 1,000 or 2,000 yuan, divide it into 3 parts, and take your time. Don't think it's too little; 1,000 yuan in one part is only 300 yuan. In this market, any amount matters; this is crucial.

Regarding how to reduce losses, here are 3 suggestions:

First point: Avoid high leverage. Altcoins above 5x and Bitcoin above 10x are considered high leverage. Using high leverage is always a one-way street.

Second point: Do not take contrarian positions. If the price has risen and you want to short, even though there are short positions available, you must remind yourself that you cannot handle this market. It’s better to miss an entire cycle than to chase the peak or bottom out against the trend.

Third point: Trading must be logical. Don't just look at charts.