Is trading just gambling? Position management is very important! Many friends casually use 10/20/50 times leverage!
Even 100 times, the money just deposited can get liquidated in one night!
There are two types of people who use high leverage:
First: those who like to gamble big with a small amount, essentially betting everything!
Second: there are also newcomers who don’t know how to operate or plan their positions, and before they even start trading, they end up finishing!
When trading, position management is crucial to maximize the efficiency of funds,
and also to mitigate personal risk.
How to manage positions scientifically in trading?
Flexible use of funds: for example, if you want to open a position of 10,000 USDT, you can use 1,000 USDT with 10 times leverage, or 500 USDT with 20 times leverage.
Set stop-loss at 1%-3%,
using 10% of funds to seek 100% returns, with losses still under control.
If you use 10,000 with 10 times or 20 times leverage...
A single market movement can sweep you away, with no margin for error, no trial-and-error capital, it's easy to lose everything and have a distorted mindset!
Using high leverage to borrow several times the amount of your own capital for speculative actions, liquidation is common, while making money is rare. If you want to trade, first understand the basics, like leverage multiples and funding rates. If you know nothing and get liquidated, you can’t blame the tool for harming you.
So it’s essential to plan your positions reasonably!
The cryptocurrency market is full of uncertainty and challenges, but it also holds potential opportunities. Investors should fully understand the related risks when participating in cryptocurrency investments, stay calm and rational, and respond to market changes with a prudent strategy!
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