#BTC资金流动性 I was bombarded awake by a voice message from a Sichuan fren at around two in the morning, almost crying from the sound—opened a ten times leveraged long position with a full investment of 10,000, and was liquidated directly at a 3% pullback without even setting a stop loss.

At a glance at his trading record, I understood that he went all in with 9500 bucks, completely without any pullback.

Many people have a misunderstanding of the concept of full position, thinking that full position can resist risks, but in reality, it's quite the opposite—if not used properly, full position can lead to the fastest losses. The real issue is not the leverage multiple, but how much principal you put in each time.

With the same 10x leverage, if you open with 900, a 5% reverse in the market will lead to a total loss. But if you only open with 100, it needs to reverse by 50% to get liquidated. My fren just had too heavy a position, and he disappeared as soon as the market shook.

I also use full margin, but I haven't blown up even once in half a year, and my account keeps growing bigger, relying on these three iron rules.

**Rule One: No single transaction should exceed 20% of total funds.** For an account of ten thousand, the maximum you can move at once is two thousand. If you make a mistake and hit the stop loss to exit, it won't hurt much.

**Article 2: The maximum loss per trade is 3% of total capital.** Before opening a position, calculate the stop loss price in advance. If you are wrong, accept the loss and never hold on without a stop loss.

**Clause 3: Don't touch volatile markets, even if I make a profit, I won't chase.** Only trade in clear trending movements, I can't be tempted by a sideways market.

The concept of using full positions is not meant for gambling. Its true purpose is to provide you with operational space, but the premise is that the positions should be light and the discipline should be strict.

There was a follower before who almost faced liquidation every month. Following these three principles for three months, he turned 5000 into 8000. He once said something that really struck me – I used to think that going all in was about fighting hard, but now I realize that going all in is actually for the sake of surviving longer.

In the cryptocurrency circle, the competition is not about who can make the most profit from a single trade, but rather who can continue to survive in the market. I analyze and break down the market trends every day, and those who are afraid of being knocked out by a direct pullback should come and chat. Avoiding a few pitfalls is much more valuable than making a single profit.