#数字资产市场洞察 At 1 a.m., a friend from Zhejiang sent a voice message—crying intensely, "Lost 20,000 yuan..."

I immediately knew what was going on. She had fallen into the most common mistake of crypto newbies: full position with 10x leverage, too lazy to even set a stop-loss.

Looking through her trading records made it even more painful—she threw in all her funds of 19,500 USD without leaving any buffer for risk. A typical case of "betting everything on a gamble." She said she had been watching the market from late at night until dawn, helplessly watching the price gradually slide down. From initially holding onto the hope of "probably fine," to completely losing her composure, when the system popped up a liquidation notice, she just collapsed into her chair.

Many people think that full position isn't a big deal—after all, it's their own money, and if they lose, they can just earn it back double. But the cruelty of the crypto market lies here: it never softens for luck-based psychology.

In fact, **full position is the most dangerous strategy**. It's like an ice pick—sharp at the tip, but easily shattered in your hand. The real cause of liquidation isn't leverage itself, but the decision to "hold a heavy position."

Let's look at some numbers:

If you have 1,000 USD and use 900 USD to open a 10x leverage position, a mere 5% adverse move in the price will cause liquidation. But think differently: with the same 1,000 USD account, if you only use 100 USD to open a 10x leverage position, the market would need to move 50% against you to liquidate. My friend put 95% of her principal into this, and under 10x leverage, even a tiny correction feels like a knife stabbing through.

Later, I developed a trading approach myself, stuck to it for half a year, and never got liquidated once. Instead, my account doubled. The core principles are three:

**First: Use only 20% of your total funds each time.** For example, if you have 10,000 USD, only risk up to 2,000 USD per trade. Even if you set a 10% stop-loss, losing 200 USD is just a drop in the bucket for the whole account, not damaging the core.

**Second: Cap each loss at 3%.** If you open a 10x position with 2,000 USD, set a stop-loss at 1.5%, which means a maximum loss of 300 USD, or 3% of total funds. This is psychologically manageable and prevents chaos in operations.

**Third: Avoid trading during choppy markets, and don’t add positions when in profit.** Only enter when there's a clear trend, and don't let emotions override rationality.

One follower used this method. Previously, she kept getting liquidated every month, but after learning from me, she managed to grow her 5,000 USD to 8,000 USD in just three months. She later told me, "Now I understand that full position isn't about bravado; light positions are the way to long-term success."

Only by surviving in this market can you have the chance to see the day of making money. The recent market is indeed brewing something, but don’t go in blindly alone. If you want to learn, I can guide you.