#我的七夕交易分享 Why Position Management Is Extremely Important (Underlying Logic)
No one can guarantee that every judgment will be correct; there are no 100% accurate signals in the market.
Even with a 60% win rate, staying fully invested and suffering several consecutive sharp drops caused by negative news can lead to a significant account drawdown, making recovery extremely difficult.
Basic math: A 20% drawdown requires a 25% gain to break even; a 50% drawdown requires a 100% gain to break even.
Avoid black swan risks. A single stock or coin can implode, an entire sector can crash, unexpected poli