#数字货币市场洞察 After 1 a.m., my phone suddenly vibrated.

A friend from Zhejiang called me via voice message, his voice trembling: "I'm finished, I went all-in with 20,000 USDT at 10x leverage, and a 3% drop wiped me out completely."

Looking at the records, he entered with 19,500 USDT without even setting a stop loss. A classic case of "betting your entire net worth for profit."

Many traders think that going all-in can handle risk—after all, it's their own money, and if they lose, they can just double up to earn it back. But the reality is the exact opposite: going all-in is the most dangerous move. It looks aggressive, but in reality, it shatters at the slightest touch.

The real culprit behind liquidation isn’t leverage, but "heavy positions."

Suppose you have 1,000 USDT and use 900 USDT with 10x leverage—a 5% move against you and you're liquidated. But if you only use 100 USDT at 10x leverage, the market would have to move 50% against you to trigger liquidation. My friend? He bet 95% of his principal. With 10x leverage, any small pullback is like a knife.

Later, I summarized three principles and stuck to them for half a year—never got liquidated, and even doubled my account:

**① Only use 20% of total funds per trade**
With a 10,000 USDT account, a single trade uses at most 2,000 USDT. Even with a 10% stop loss, you only lose 200 USDT, which doesn't hurt your principal at all.

**② Max loss per trade is 3%**
If you use 2,000 USDT at 10x leverage and set a 1.5% stop loss, the max loss is 300 USDT, which is exactly 3% of your total funds.

**③ Avoid choppy markets, don’t add to positions when in profit**
Only follow clear trends, and don't let emotions cloud your judgment.

One trader tried this method and went from frequent liquidations to growing 5,000 USDT into 8,000 USDT in three months. She later said, "I used to think going all-in was bold, but now I realize that light positions are the key to surviving."

In this market, only those who survive have stories to tell. Opportunities always come; don’t run alone in the dark. Stay rational, and you'll eventually catch the next wave.