#数字资产市场动态 Losing 200,000 yuan down to just a few thousand makes you realize how deadly a full-hold all-in can be.

Three deadly points of full-positioning: emotions directly tied to profits, rationality collapses instantly; no cash reserves, like having no bullets on the battlefield; zero tolerance means any fluctuation can break your mindset. The market loves to cure those who say "I will definitely make money."

Later, I developed a three-tier position management rule, which is a bit of a threshold.

**Foundation layer accounts for 40%-50%**: Dollar-cost averaging in Bitcoin and Ethereum, holding for over three years without moving, this is the ballast. Long-term holding can survive through large cycles. **Mobility layer accounts for 30%-40%**: Add 1-2 leading coins on top of mainstream coins, short-term swing trading, but single losses should not exceed 10% of this layer. **Cash layer accounts for 20%-30%**: Stablecoins or fiat currency, this is the life-saving and opportunity money. Always maintain the right to choose.

Execution relies on three numbers:

Single trade stop-loss no more than 2% of total funds—that restriction forces you to place small bets. Build positions in at least three batches, ratio 3:4:3, avoiding missing out or buying at the top. After profits, gradually raise the stop-loss, first protect the principal, then let the profits run.

Different market conditions require different rhythms. In a bull market, hold steady and gradually take profits along the trend. In a bear market, endure it, repeatedly dollar-cost average in the foundation layer, and buy cheap during panic in the cash layer. Volatile markets test patience the most; watching more and acting less is the best strategy.

If you want to restart, reconfigure with 5:3:2, write down the rules and stick them in front of you, then execute strictly like a program for three months.

Ultimately, position management is not just a flourish; it’s about survival. Building a sense of security through position management is the way to escape the gambler’s mindset and become a truly long-lasting trader.