Bit Langlang: Previously discussed the issue of Position during the live stream, sharing it for everyone to learn on their own.

Position management gives everyone the current advice: for example, if you take out 30,000 U to do contracts, my suggestion is to divide it into 3 parts, with each part being 10,000 U. Each time you open a position, use one of the parts to open a position, fixed at 10,000 U, with the main contract not exceeding 10 times and altcoins not exceeding 5 times. If you lose money, for example, lose 1,000 U, you should add 1,000 U from outside. If you make 1,000 U, you should withdraw 1,000 U. Ensure that in the recent period, every time you open a position, you can guarantee to maintain a fixed position of 10,000 U. Until you have made 60,000 U using this method from the initial 30,000 U, raise each part's position to 20,000 U and continue to do so. The benefit is:
Point 1: Split positions + low leverage to avoid being wiped out by exchange spikes, leading to a total loss of your funds.
Point 2, avoid getting into such problems. One day when you're up there, if you lose everything, then at most you'll blow up 1/3, and the remaining can still give you 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 of opening positions is to go all in at once. For example, if I have 10,000 U, I will fully invest in one coin at a time based on the market conditions. Going all in means using 1/3 of my funds for split positions, using 5x leverage for altcoins and 10x for major coins, so I enter fully. My approach allows me to have a finer and more accurate grasp of the entry points. If you always set stop losses and use low leverage, you won't face liquidation.
If your funds are tight, or you are currently at a significant loss, or in debt, don't deposit too much money. Just deposit 1000 or 2000 yuan, divide it into 3 portions, and take your time to invest. Don't think it's too little; each portion of 1000 yuan is only 300 yuan. In this market, any amount can make a difference, and that's important.
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 *road.
The second point is not to go against the trend. If the price has gone up and you want to short, even though there are bears, you need to tell yourself that you can't do this in this market. You would rather miss the 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 charts.