#美国贸易赤字状况 Position Advancement: Risk Management Is the True Skill of Trading

New traders often fall into a vicious cycle—getting better at selecting coins, but losing more money. The problem isn't in the selection, but in how you hold your positions. A scientific position management system can help you survive market storms and seize opportunities when they arise.

**Reducing and Clearing Positions: Two Key Decisions**

Reducing positions when profitable is easy to understand—but true wisdom lies in acknowledging uncertainty. When market signals become blurry, risk indicators rise, or you simply can't understand the subsequent行情, reducing your position early can help you avoid risks sooner. Clearing positions is even more decisive: reaching stop-loss points, fundamental reversals, the need to rebalance your portfolio, or discovering better opportunities are all reasons. Instead of struggling, it's better to accept defeat and restart.

Locking positions in contracts may seem like a lifesaver—opening long and short simultaneously to freeze unrealized losses. But don't deceive yourself—this is just delaying; fees and funding rates still eat away at your principal. In most cases, a direct stop-loss is cleaner.

**Three Practical Methodologies**

Pyramiding allows you to buy more as the price falls, achieving the lowest cost at the bottom. The challenge is to accurately identify the bottom. The opposite logic also works: the higher the price, the larger the sell-off proportion, protecting profits and avoiding rushing out early in a bull market. This approach is most applicable to mainstream coins like $BTC and $ETH.

Always reserve 10%-20% cash—easy to say, hardest to do. But its significance lies in: when extreme行情 arrives, you still have the capacity to act, and psychologically, knowing you have an exit makes you more composed.

The most core principle is that your position size must match your mindset. A position that allows you to sleep peacefully is a reasonable position. If you wake up in the middle of the night frightened by K-line charts, it indicates overexposure.

**Consensus Among Experts**

Choosing the right coin can make you money once; good position management allows you to profit continuously. Adjust your overall exposure according to market risk at different times—be more aggressive in a bull market, more conservative in a bear market. Perfect buy and sell points don't exist; a comfortable holding mindset is the norm.