Fund Management, Four Principles:
1. Always set a stop loss after opening a position. Develop the habit of setting a stop loss; never think you are hedging or have any lucky thoughts. If you can still be caught in a position or face liquidation, it’s only a matter of time before it happens.
2. The stop loss amount for each trial position must not exceed 2% of the total amount (depending on your own risk tolerance, I suggest starting at 1%. Once you can maintain stable profits, you can adjust it according to your own risk tolerance).
3. Strictly enforce stop losses; if total funds lose 30%, close all positions immediately without conditions.
4. If you forget to set a stop loss and realize it later, close your positions immediately. Never expect to wait for a rebound to close or think about adding positions to average out losses; almost all big players have failed in this regard. You may survive 10 times, but if you fail just once, all previous 9 times are for nothing.
5. For initial learning, it's not recommended to add positions; just open fixed positions each time.