My current advice for position management: For example, if you take out 30,000 U to do a contract, then my suggestion is to divide it into 3 parts, 10,000 U each. Use one of them to open a position each time, with a fixed amount of 10,000 U, and the big cake should not exceed 10 times, and the copycat should not exceed 5 times. If you lose money, for example, you lose 1,000 U, you buy 1,000 U from outside, and if you make 1,000 U, you withdraw 1,000 U. Make sure that every time you open a position in the recent period, you can guarantee a fixed position of 10,000 U. Until you make 60,000 U in this way with 30,000 U, increase your position to 20,000 U, and do it this way. The benefits are:

The first point is to use split warehouse + low leverage to avoid exchange spikes that may cause you to lose all your funds.

The second point is to avoid the problem of getting too addicted. If you get too addicted one day and lose everything, then at most 1/3 will be lost, and the rest will give you a chance to buffer.

The third point is to maintain a fixed position. You can maintain a relatively peaceful state of mind when you are losing or making a profit, which can help you stabilize your mentality.

My habit of opening a position is to open it in full at once. For example, 10,000 U in 1 share, one coin in one market, that is, open it in full and open it in full. To open it in full means 1/3 of the funds in the sub-position, 5 times the altcoin, 10 times the big cake, so that the full position is entered and exited. I enter in this way because I have a more precise and accurate grasp of the opening point. If you always use stop loss and low leverage, it is impossible to blow up the position.

If you are short of funds or have suffered a lot of losses or are in debt, don't deposit too much money. Just deposit 1,000 or 2,000 yuan, divide it into 3 parts, and do it slowly. Don't think it's too little, 1,000 yuan per part is only 300 yuan, in this market, any amount is fine, this is the most important thing.

Here are 3 suggestions on how to reduce losses:

First, don’t use high leverage. If the Shanzhai leverage is more than 5 times, and the Dabing leverage is more than 10 times, it is high leverage. Using high leverage is always a bad idea.

Second, don’t go against the trend. If the price goes up, and you want to go short, although there are shorts, you have to tell yourself that you can’t do this. You’d rather miss out on the whole round than try to touch the top or go against the trend to buy the bottom.

Third, there should be logic in making orders. Don’t just look at the charts.