#密码资产动态追踪 The phone vibrates at 2 a.m., forever accompanying the most suffocating moment in the crypto world.

An old friend from Dongguan speaks with choking tears in his voice: "Help! I put all my 20,000 yuan in, used 10x leverage on one coin, and it only dropped 3%—my account is gone!" When I looked at his trading record, I understood immediately—full position with leverage, no stop-loss set.

This is the most common way to die in the crypto circle.

**Stop being brainwashed by the idea that "full position is the only way to make big money."** In leveraged trading, operating full position without a stop-loss is gambling your hard-earned money.

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**1. The real reason for liquidation: not the leverage multiple, but the position size ratio**

Compare with a $1500 account:

If you open a 10x position with $800, a 5% reverse move will wipe you out;

But if you only invest $700 at 10x, it takes a 50% move to get liquidated.

That old friend of mine put 95% of his account into one position, used 10x leverage, and when the market slightly retraced, he was wiped out immediately. It’s not the leverage’s fault, it’s a matter of position management.

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**2. Three ironclad rules, I’ve doubled my account in half a year without a single liquidation**

**First: No single position exceeds 20% of total funds**

For example, with a $20,000 account, invest at most $5,000 per trade. Even if you make a wrong call and lose 10%, that’s only $200—protecting your principal, so you can still seize the next opportunity.

**Second: Single loss never exceeds 3% of total capital**

For instance, a $5,000 position at 10x leverage, with a preset 1.5% stop-loss, triggers a $500 loss, exactly 3% of total funds.

Even if you fail several times in a row, it won’t hurt your core capital.

**Third: During consolidation, stay put; after profits, never add to positions**

Only participate in clear trend breakouts; even if sideways trading looks tempting, choose to wait and see. Once you open a position, no matter how much you want to chase gains, hold back from adding leverage. Emotions are the biggest killers in leveraged trading.

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**3. The essence of full position operation: risk buffer, not a gambler’s game**

The original design of the full position tool is to leave room for price fluctuations. But the prerequisite is to trade lightly and strictly follow risk control discipline.

A friend who used to trade kept blowing up his account every month. After applying these three principles from scratch, his account grew from $3,000 to $7,000 in three months.

He later told me: "I used to think full position was gambling my life away. Now I finally understand, full position is about surviving long enough."

The core logic of surviving in the crypto circle is actually very simple—it's not about who makes the fastest profit on a single trade, but who can survive the longest.

Only those who survive are the winners.