Hello everyone, I am Mihu. Today I will bring you my leek course 1: position management.

If you do digital currency trading, you will be kicked out of the market in the end without talking about position management!

1. Common ratios are: 1:1:1; 1:2:1; 1:2:3; 3:2:1. I personally often use 1:1:1, that is, a fixed amount is used each time, for example, for big cakes, each contract opens 1 big cake.

The opposite of me is that the ratio is opened at will, this time 0.5 big cakes, next time 1, and the next time 1.5. In this way, your profit and loss ratio is not very good.

If you can be more than 70% sure, you can open more. If you are not sure every time, then do the same every time, at least you can ensure that you will not lose too much.

2. For the margin for each opening, the contract recommends that the one-time margin should not exceed 5%, and the gradual increase in position should not exceed 15%. This is my limit. More often, 2% or lower is opened at a time. There are also differences between big cakes and cottages. For big cakes with a 100x profit, follow this position. For 30x, you can increase it appropriately, but it is not recommended to exceed expectations. For cottages, 10x is normal for me, and any higher is excessive.

3. Set stop loss: Stop loss must be set for each order. The resistance and support levels of big cakes are clear, and then the stop loss is set 200 points above or below. Don't carry orders, don't open hedges. To be honest, those who can play hedges well are very capable people.

4. Why do position management:

1) Prevent false breakthroughs

2) Prevent sudden unexpected events, such as wars, national policies, etc.

3) Manage your emotions and avoid fear and greed as much as possible

4) Consistent trading

5. How to choose a position mode that suits you?

1) If you only have a few thousand oil in your hand, just open a small contract honestly. Spot is slow to make money for you. Of course, if you don't want to watch the market and want to sell it after a while, just play spot honestly. Those who can't control their emotions also play spot.

2) If you have tens of thousands of oil or more, then honestly take out 70% to play spot. Don't just buy one currency in spot, you can buy mainstream and altcoins. The remaining 30% is used for contracts to offset the possible loss of spot. Control the position.

In short: mentality is the most important, and the size of the position can easily affect the mentality. Keep a small position and do less.