Six Basic Principles of Position Management:

First: Do not operate with a full position; always maintain a certain proportion of standby funds:

Second: Buy and sell in batches to reduce risk, average costs, and increase returns. The advantage of buying in batches downwards and selling in batches upwards is that your average price is lower than others', resulting in higher profits.

Third: When the market is weak, hold a light position; in a bear market, it is best not to exceed half a position. In a strong market, you can hold a heavier position; in a bull market, it is recommended to limit the position to 80%, with the remaining 20% as short-term or standby funds to deal with unexpected events.

Fourth: Adjust your position accordingly as market conditions change; appropriately increase or decrease your holdings.

Fifth: When the market is sluggish, you can hold a short position temporarily and wait for opportunities to arise.

Sixth: Position switching: retain strong cryptocurrencies and sell weak ones.

The above six principles apply to both spot and futures trading. If you still don't understand, please read it several times carefully. Reviewing helps to reinforce understanding, and you can be a master.

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