Six Basic Principles of Position Management:

First: Do not operate with a full position; always maintain a certain proportion of backup funds;

Second: Buy and sell in batches to reduce risk, lower costs, and increase returns. The advantage of buying in batches downwards and selling in batches upwards is that your average price is lower than others, resulting in higher returns;

Third: When the market is weak, hold a light position; in a bear market, it's best not to exceed half a position. In a strong market, you can appropriately increase your position, and in a bull market, it is recommended that the maximum position be 8 layers, with 20% remaining for short-term or backup funds to respond to unexpected events;

Fourth: Adjust your position accordingly as market conditions change; appropriately increase or decrease your position;

Fifth: When the market is sluggish, you can hold a short position and wait for opportunities to arise;

Sixth: Change positions: retain strong cryptocurrencies and sell weak ones.

The above six principles apply to both spot and contracts. If you still don't understand, Mu Xi is always here; reviewing old knowledge can help you learn new things, and you may find a teacher in this process!

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