Bit Langlang: The issue regarding position that we discussed in the previous live stream is shared for everyone to learn on their own.

Position management gives everyone the current advice: for example, if you take out 30,000 U to trade contracts, my suggestion is to divide it into three parts, each part being 10,000 U. Each time you open a position, use one part to open the position, with a fixed 10,000 U, and don't exceed 10 times for major coins and 5 times for altcoins. If you lose money, for example, lose 1,000 U, you should replenish 1,000 U from outside. If you make 1,000 U, you should withdraw 1,000 U. Ensure that every time you open a position recently, you can maintain a fixed position of 10,000 U. Until you have earned 60,000 U using this method from your initial 30,000 U, increase each part's position to 20,000 U and continue like this. The benefit is:
Point 1: Split Position + Low Leverage to avoid being liquidated by the exchange's price spikes, which could lead to losing all your funds.
Point 2, avoid getting into issues like this with your position. One day if you get too overexposed, you might lose everything, but at most you will blow up 1/3, leaving you with a buffer opportunity.
Point 3, maintain a fixed Position. Whether you are at a loss or in profit, you can maintain a relatively calm mindset, which can help stabilize your mentality.
My habit when opening a position is to go all-in at once. For example, for a 10,000 U position, I’ll fully invest at once in a coin during a market movement. Going all-in means using 1/3 of my funds for the split position, with altcoins at 5x and Bitcoin at 10x. This way, I enter and exit with a full position. My approach allows me to have a relatively precise and accurate grasp of the entry point for opening orders. If you always use stop-loss and low leverage, it’s impossible to get liquidated.
If everyone has tight funds, or is currently facing significant losses or debts, you shouldn't deposit too much money. Just deposit 1000 or 2000 yuan, divide it into three parts, and take your time to operate; that's enough. Don't think it's too little; 1000 yuan per part is only 300 yuan, and in this market, any amount can work. This is an important point.
Three suggestions on how to reduce losses:
First point, do not use high leverage. Altcoins over 5x and Bitcoin over 10x are considered high leverage. Using high leverage is always a one-way street.
The second point is, do not take counter-trend positions. When the price goes up and you want to short, even though there are sellers, you must tell yourself that you cannot trade in this market. You would rather miss an entire cycle than try to touch the top or bottom fish against the trend.
The third point is that trading should be logical. Don't just look at the patterns.

#比特币 #以太坊
$BTC $ETH $GUSD