Manage your position size, don't gamble on the direction

We've all fallen into this trap: thinking Bitcoin will surge, only to see a small correction wipe out our account. Or finally catching a bottom, only to watch our principal shrink day by day, helpless.

Honestly, the crypto world is full of opportunities, but the rarest thing is people who can survive until the next opportunity.

I've seen too many traders who talk about technical analysis with flair, master the candlestick charts, but still end up losing everything in the end. Why? Because they get stuck on position management — it sounds boring as hell, but it's the dividing line between staying alive and getting out.

**How fierce can market fluctuations be?**

A 10% daily move in Bitcoin is not a low-probability event; it's common to see altcoins halve in a day and then double again. In such markets, predicting the trend isn't the hardest part; surviving the intense volatility is.

Many newbies love to do one thing: as soon as the market starts, they go all-in, afraid of missing out on a thousandfold coin. But what happens? A counter-move hits, and they get wiped out. Going all-in is like fighting a war without reserves — once things turn against you, there's no room to turn around.

Those who truly survive multiple cycles in crypto are not the lucky ones who caught a hundredfold coin; they are the "indestructible cockroaches" who have experienced bull and bear markets but remain in the game. They may not make as much money quickly, but they will never be swept away by a single market wave.

**Three iron rules of position management**

Based on years of practical experience, if you want to stay alive in this market, you must strictly follow these three rules:

First, the safety of your principal always comes first. Keep enough reserve funds — this is not being cowardly, it's the secret to long-term survival.