At around two in the morning, the phone kept vibrating, and my fren from Sichuan was sending voice messages like crazy, almost crying.

He said, bro, I put all my 10,000 yuan into a ten times long position, and it only pulled back by three percent, and my account got wiped out. What on earth is going on?

Once I looked at the transaction record, I understood — 9500 bucks all in without setting a stop loss.

This matter actually reflects the misunderstanding many people have about using full positions. Everyone thinks that full positions can better withstand market fluctuations, but in reality, it's quite the opposite. If not used properly, full positions can lead to the quickest losses.

The key is not in the leverage ratio; the real issue is how much real money you have staked.

With the same 10x leverage, if you have a principal of 1000 yuan and take out 900 yuan to open a position, a 5% market reversal will directly blow up your account. However, if you only use 100 yuan to open the position, it would need to reverse by 50% to blow up. The less you bet, the higher the tolerance rate; this is the most basic logic.

My fren is just typical of being too heavily invested. A small market fluctuation, and he's gone.

I also do full position trading, but being able to avoid liquidation for half a year while growing my account relies on three rules.

**First rule, do not exceed twenty percent of total funds in a single transaction.** For a ten-thousand yuan account, the maximum for one transaction is two thousand. If you misjudge, cut losses and exit; it won't hurt the fundamentals.

**Article 2, a single loss cannot exceed 3% of the total capital.** Before opening a position, you must think clearly about where your stop loss is. If you make a mistake, accept it; absolutely do not stubbornly hold on for a rebound.

**Thirdly, just watch the oscillating market, do not act. Even if you make a profit, do not chase.** Only participate in markets with a clear trend, resist the temptation of sideways movements, and do not take action.

Using full margin has never been a tool for gambling. Its true purpose is to give you enough trading space, but the prerequisite is that your position must be light and your discipline must be strict.

I had a fan before who was almost liquidating every month. Later, he followed these three principles and in three months, he grew from 5000 to 8000 without liquidating again.

He later told me something particularly heart-wrenching – I used to think that going all in was about giving it my all, but now I realize that it's actually about surviving a little longer.

In the cryptocurrency world, it's not about who can make the most in one go, but about who can stay in the market the longest. The market changes every day, and I am constantly adjusting my strategies. The biggest fear is being knocked out of the game by an unexpected pullback. If you want to discuss these topics, let's have a conversation. Avoiding a pitfall is more meaningful than making an extra profit.