The most important concept in trading is position management

This is actually the core of whether you can control the account curve

Many people become victims of the market

A big problem is that they go crazy with leverage during FOMO

A single pullback can lead to total losses

If you have 100,000

And this is money you can afford to lose

Then I suggest you at least split this amount into two parts

If you are a beginner

You should first set your position based on losses

For example, if the price now is 105,000

You take 50,000 to trade

Here you go long

The maximum limit to control your loss is 2%, which is 1,000 yuan

If your stop-loss point is at 103,000

That means your position can only be opened at 1,000 / [(105,000 - 103,000) / 105,000] = 52,631

This is the simplest way to control stop-loss

But definitely 80% of people are unwilling to do this

What you want is the thrill of going all-in

Think carefully about why you came to this market

Is it to provide liquidity or to say goodbye to being a loser early

What market conditions require aggression and which require defense

This is something you should consider after taking the first step well

Trading needs to be logical