The time I lost the most was when my contract blew up in three days, and over nine million went directly to zero. During that time, the debt was suffocating, and I almost couldn't make it through.

But the cryptocurrency world is so magical; in the most desperate moments, I met a senior who pointed out a few things to me. That night I figured out a lot of things, and later I went full-time in trading, spending thousands of days and nights buried in research, and slowly climbed out.

Looking back, why did I blow up? To put it simply, it was just four words—position management was not handled well.

Many people think position management is just about how much to buy, but it's not. It is a complete plan: when to enter, when to add, when to reduce, and when to clear out; every step must be thought out clearly. No matter how well you analyze the market, if you can't control your position after entering, it's still useless.

Later, I set a few strict rules for myself; they are not profound things, but each sentence was bought with money.

Never go all in. No matter how optimistic you are, always leave some spare cash; this is your trump card for survival in the market. Buy and sell in batches, don't go all in at once; averaging down can stabilize your mindset. When the market is bad, keep your position light, and in a bear market, don't exceed fifty percent; when a big market comes, even if you are heavily invested, there should be a limit, and in a bull market, don't max out your position. Positions are alive and must follow the market; adjust them as needed. If you really can't see clearly, being in cash is not shameful, it's a thousand times better than blindly operating. When holding multiple coins, keep the strong ones and clear out the weak ones; don’t fight with garbage.

Position management sounds inconspicuous, but very few can do it. It’s not about making the quickest profit; it’s about living longer. In this market, living longer is more important than anything else. $BTC $ETH

I only do real trading and don't play with virtuals; friends who want to steadily profit and avoid pitfalls, don’t wander alone in the crypto world. Keep up with the rhythm, @刘杰聊币圈 will guide you to earn steady money with a winning logic! 🔥#Tether审计 #美国加密法案再次遇阻