I was woken up by the phone in the middle of the night, and a panicked voice came from the opposite side:

"Brother, I exploded...... 10,000 U, all empty ETH, will be pulled back 3 points, and the account will be directly reset to zero. "

Hanging up the phone, I stared at the ceiling in a daze. I also acted in this scene seven years ago - at that time, I also felt that full warehouse is called courage, and stud is worthy of faith.
The result? A pullback, the money is gone, and the faith is shattered.

Let him send a transaction record, 9600U opened a short order naked, and there was no stop loss.
This is not a transaction, this is a life-threatening direction.

Many people mistakenly think that a full position can seize the big market,
In fact, it was the fastest exit position.
Pressing all the chips up is equivalent to sticking your neck under the knife -
The market shakes a little, and you have to lie flat.

I told him very bluntly: You are not looking in the wrong direction, you are dying in a position.

Just settle the accounts and understand:
1000U principal, take 900U to open 10 times leverage, and fall 5% directly out;
If you only use 100U to drive 10 times, the market will collapse by 50% before it will explode you.
The gap between this is not the level of skill, but how much room for mistakes is left for oneself.

Over the years, the market has repeatedly taught me to be a person,
Slowly summarize a few rules of life:

• Do not exceed 20% of the total funds in a single position - the loss is painful but not fatal
• Keep your stop loss within 3% each time - don't gamble if you see it right
• If you can't understand the market, you will be short - you can't make all the money, and you have to keep your life

With these three, I have endured three massacres,
It has not exploded once, but has rolled from 70,000 to nearly 400,000.

Later, this guy rebuilt the account according to what I said,
50 days later, send a message: "Doubled, I finally understand what stability is." "

I replied to him:
People who have liquidated their positions are always waiting for a miracle to come,
Those who survive have long been compounded.

This market is very realistic.
You can't control the market, but you have the final say in the position.
If you want to make more money, you must first learn to lose in a measured manner.
Don't always think about making money overnight, but make sure you don't clear it overnight.

I have used this style of play for seven years, with zero liquidation records and continuous profitability.
Want to learn? Don't rush to ask for directions, learn how to live first.