Bit浪浪: Previously, I discussed position management in live streams. Sharing here for everyone to learn independently.

Current advice on position management: For example, if you allocate 30,000 USDT for trading contracts, my suggestion is to divide it into 3 parts, each 10,000 USDT. Use one part each time you open a position, maintaining a fixed position size of 10,000 USDT. For Bitcoin, do not exceed 10x leverage; for altcoins, do not exceed 5x. If you lose money, say 1,000 USDT, top up 1,000 USDT from outside. If you make 1,000 USDT profit, withdraw that amount. Ensure that each time you open a position, you are always maintaining this fixed 10,000 USDT position. Continue this way until your initial 30,000 USDT grows to 60,000 USDT, then increase each part to 20,000 USDT, and proceed similarly. The benefits are:

1. Position division + low leverage, avoiding the exchange's price spikes that can wipe out all your funds.

2. Avoid the problem of overleveraging. If you get overly confident and lose everything, at most you lose 1/3, leaving some buffer for recovery.

3. Maintaining a fixed position size helps you stay calm during losses or profits, aiding in emotional stability.

My habit when opening positions is to go all in at once. For example, one part of 10,000 USDT, opening a position on one coin with the current market. Going all in means using one-third of the total funds; for altcoins, 5x leverage; for Bitcoin, 10x leverage. This approach allows for precise control over entry points. If you always set stop-losses and use low leverage, you will never get liquidated.

If your funds are tight, or you are currently experiencing significant losses or debt, do not invest too much money. Just top up with 1,000 or 2,000 USDT, split into 3 parts, and trade slowly. Don’t think it’s too little—each part costing only 300 USDT. In this market, any amount can work, and that’s very important.

Three tips on how to reduce losses:
1. Avoid high leverage. Altcoins exceeding 5x, Bitcoin exceeding 10x, are high leverage. Using high leverage always leads to the same path—liquidation.

2. Don’t trade against the trend. If prices are rising and you want to short, remember that shorting is risky. Tell yourself, "I can’t do this market." Better to miss a full cycle than chase the top or buy against the trend.

3. Have a logic for placing orders. Don’t just look at charts.