Recently, I saw someone using 10,000 USDT full margin to go long with 10x leverage on $PIPPIN. As a result, the market only retraced 3 points, and the account was wiped out. When I checked the trading record, I saw that 9,500 USDT was directly投入，没有设置任何止损，完全是背水一战的节奏。

This incident is worth a thorough analysis. Many traders have a misconception that full margin can better resist跌，实际上这是大坑。用错了全仓，亏损速度会比你想象的快得多。

The real issue isn't leverage itself, but whether you manage your position properly.

Let's look at some numbers to understand. Suppose you have 1,000 USDT, and you open a 10x leverage with 900 USDT. If the market moves against you by 5 points, your account will be爆仓。但换个做法，只用100 USDT开同样的10倍杠杆，反向波动50个点才会爆仓。同样的本金，结果天差地别。

Where is the key difference? It’s in position management.

Many experienced traders have their own risk control systems. To summarize, there are mainly these three points:

**Set a limit on single position size**

If you have 10,000 USDT, the maximum you should invest in one trade is 2,000 USDT, which is 20% of your total funds. Even if you make a wrong judgment, with a 10% stop loss, you only lose 200 USDT, which doesn’t hurt your core capital. There’s always a chance to turn things around.

**Control single loss**

With 2,000 USDT at 10x leverage, set your stop loss in advance so that your single loss does not exceed 3% of your total position, roughly 300 USDT. Even if you lose three times in a row, your principal remains, and your mindset won’t collapse.

**Be cautious in market selection**

Only participate in breakout opportunities; avoid trading in sideways markets. When盈利时，控制冲动加码，止损止盈设好后就执行，别去赌那些不确定的波动。多等待几天，真正的方向性机会总会到来。

I once guided a trader who used to爆仓 every month, with his account repeatedly reset to zero. After explaining these position management principles to him, he finally gained control. In three months, his account grew from 5,000 USDT to 30,000 USDT. He said something that left a deep impression: "I used to think full margin was about拼命，now I understand, full margin is for更稳地活着。"

Crypto trading doesn’t have to拼速度，拼的是谁能笑到最后。别总想着猜对行情方向，管好仓位，稳扎稳打，反而是最快的路。

Market is always there; the key is to keep up with the rhythm. Don’t押所有筹码 just to chase quick profits.