In the cryptocurrency market, regardless of which coin you are speculating in, you often hear people say that this coin has a big increase, and that coin has a high potential. What I want to say is that these have nothing to do with you. What does someone else's beautiful wife have to do with you?

If you want to make money by speculating in cryptocurrencies, position management skills are very important. Position management is a double-edged sword. If you control it well, you can speculate in cryptocurrencies with ease. If you don't control it well, we will suffer heavy losses. It is recommended that cryptocurrency friends speculate in cryptocurrencies within their means and choose appropriate operation methods for different funds.

Here I would like to share with you a method of position building - the pyramid position building method, which is improved based on one of the methods of futures speculation.

1. For the first entry, use a position within 20% of the total funds. If the direction is consistent and the trend has been established, you can gradually increase your position, but the ratio of increase should be gradually reduced. Generally, 10% of the remaining funds is used for each increase. This is the pyramid position management method, and it is also the simplest one.

2. For the first entry, use a position within 20% of the total funds. If the direction is reversed, don’t be anxious. Determine where the support level is. If the support level is too far, you can choose to cover the position at the support level and use 30% of the remaining funds to cover the position. Generally, for orders in the opposite direction, only add positions once. Why is the position ratio for covering positions more important than opening positions?

Because the direction is reversed, under normal circumstances, the strength of the pullback is relatively small. Increasing the proportion of covering positions can spread the average price so as to catch the pullback to protect the principal or exit the market with a small profit. If necessary, you can also exit the market with a small loss.

3. For the first entry, use a position within 20% of the total funds. If the market is opposite and the fluctuation is large, it is too late to stop loss, or you can't bear to stop loss and get stuck. At this time, you should promptly use the same position to build a position in the opposite direction to form a hedge and minimize the loss. When the unilateral market ends and starts to fluctuate, you can seize the opportunity to operate back and forth within the hedging range, offset the loss, and gradually get out of the trap, so as to achieve a small profit or break even. If necessary, you should leave the market even if you make a small loss.

Taboo positions

1. The account is overloaded, and opening a position of more than 30% is tantamount to seeking death.

2. Do not set a stop loss. A stop loss must be set for each order. The risk-to-profit ratio should be at least 1:1.5.

3. When facing failure, most people will throw everything at the table after losing money and then be unable to recover. After losing money, you should shift your focus as soon as possible and start the next transaction. Even investment experts cannot guarantee that every transaction will make money, so when you lose money in some transactions, you should forget it as soon as possible and quickly shift your attention to the next transaction.

Remember, only by maintaining a good attitude and reasonable position control can you survive in the transaction and make continuous profits.

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