For contract positions of $XRP , I generally do not exceed 50% overall when opening orders. The reason is simple: I want to ensure that even if I face liquidation, I still have the opportunity to continue playing. Therefore, basically, going all in is out of the question; I prefer to be steady and methodical, not seeking quick victories, but just hoping to calculate an overall profit at the end of each year.

At the same time, contract positions can be divided into trend positions and short-term positions. Trend positions mean holding onto the position in a relaxed manner until I believe the trend has ended before closing. The advantage of trend positions is that once you make a profit, it’s easy to capture large waves, but they often experience ups and downs like a roller coaster, leading to a lot of effort for little gain. Additionally, for someone like me who enjoys trading, it lacks some of the fun of trading, so I also need to allocate a short-term position, which is about trading back and forth. However, over the long term, profits from short-term trading cannot keep up with those from trend positions. So overall, focusing on trends is less stressful and more likely to yield higher profits.

This is a simple overview of my personal position management. With this kind of allocation, there will basically be no true liquidation. I believe that so-called position management should not be limited to the cryptocurrency sphere; it must be expanded to the larger system of life to exert its maximum effect. Good position management directly determines whether you will have a good mindset, and a good mindset is the beginning of success.

Of course, many friends will say, I don’t have that much money,