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Some masters aim to achieve full position zero liquidation and double their gains in the future. They have summarized three principles:
1. No more than 20% of total funds in a single position: For example, with a 10,000 USDT account, the maximum entry per trade is 2,000 USDT. Even with a 10% stop loss, the loss is only 200 USDT, which does not harm the principal and leaves room for future opportunities.
2. Losses do not exceed 3% of total funds, and single losses do not exceed 3% of total funds: For example, with a 2,000 USDT account using 10x leverage, setting a 1.5% stop loss limits the loss to 300 USDT. Even with consecutive mistakes, major losses are avoided.
3. During sideways markets, avoid chasing rallies. Recognize sideways fluctuations and avoid entering trades on trend breakouts. Do not add positions after profits to prevent emotional interference: Only open positions during trend breakouts; do not trade in sideways markets; do not add to positions after profits.
Let's wait and see if they can turn things around.