Bit Langlang: The issue of positions we discussed in the previous live broadcast is shared for everyone to learn on their own.

Position management gives everyone the current advice: For example, if you take out 30,000 U to trade contracts, my suggestion is to divide it into 3 parts, each part 10,000 U. Each time you open a position, use one of the parts to open the position, a fixed 10,000 U, with the main coin not exceeding 10 times and altcoins not exceeding 5 times. If you lose money, for example, lose 1,000 U, you should replenish 1,000 U from outside. If you earn 1,000 U, you should withdraw 1,000 U. Ensure that in the recent period, every time you open a position, you can guarantee a fixed position of 10,000 U. Until you have made 60,000 U with this 30,000 U, raise each part of your position to 20,000 U and do it this way. The benefit is that:
Point 1: Multiple positions + low leverage to avoid exchange price spikes that could lead to losing all your funds.
Point 2, avoid problems like those above. One day, if you get too emotional and lose everything, you will at most lose 1/3, leaving the rest as a buffer opportunity for you.
Point 3: Maintain a fixed Position. Whether you are experiencing losses or profits, you can maintain a relatively calm mindset, which can help stabilize your emotions.
My habit when opening a position is to fill it completely at once. For example, 1 unit of 10,000 U, when the market moves for a coin, I will fully execute one order. Filling means using 1/3 of the funds from the divided position, with altcoins at 5x and Bitcoin at 10x, so I enter and exit fully. This way, my entry is based on a more precise and accurate grasp of the opening point. If you always set stop losses and use low leverage, it's impossible to get liquidated.
If everyone has tight funds, is currently experiencing significant losses, or is in debt, don't deposit too much money. Just deposit 1000 or 2000 yuan, divide it into three parts, and take your time with it. Don't think it's too little; 1000 yuan per part is only 300 yuan. In this market, any amount can make a difference, and that's important.
Three suggestions on how to reduce losses:
The first point is to avoid high leverage. Altcoins over 5x and Bitcoin over 10x are considered high leverage. Using high leverage is always a one-way street.
The second point is, do not take contrarian positions. When the market has risen and you want to short, although there are short positions available, you must tell yourself that you cannot trade in this market. It is better to miss an entire round than to try to touch the peak or buy the dip against the trend.
The third point is that trading should be logical. Don't just look at the charts.