#美联储回购协议计划 $ETH

How long can trading last? Ask a hundred people, and about 99 will give answers like technical analysis or luck. Honestly, these are just surface phenomena—the real factor that nails people to the cross ultimately comes down to one word: **Position Size**.

Don’t oversimplify position management; shallow definitions like “how much money you invest” completely miss the point. What is the truth about position size? It reflects your mindset.

Try this scenario: go all-in with a big position, and suddenly a huge bearish candle appears, causing the price to plummet close to your psychological threshold. At this moment, can you still analyze the situation calmly? Probably not. Fear and frustration will hit you simultaneously, and a hot-headed reaction can throw everything into chaos—adding to your position, adjusting stop-losses, falling deeper into the trap. This chain of mistakes is hard to avoid.

On the other hand, if you only take a small position to test the waters? Even if you lose a lot, it won’t hurt your core. As long as your logic remains sound, you can continue holding and observing. If you need to cut losses, it won’t be so painful that it clouds your judgment. Most importantly—keep your mind clear, and your thinking won’t distort or warp.

There’s a simple formula that explains all this: **Emotion → Mindset → Operation → Result**. It’s the most honest causal chain in trading markets.

I have a habit in my trading rhythm—only make big, decision-heavy trades after 2:30 PM. Why this particular time? Because by then, the overall market strength and weakness are already clear, and the bulls and bears’ victory is basically decided. Compare that to the morning session, where errors happen at an alarmingly high rate—the root cause is one word: **Haste**. Hurrying to seize positions, rushing to act quickly, eager to prove your judgment is correct.

Ironically, what can truly help you reduce mistakes is **slowing down**. Slowing down can help you avoid more traps and false signals. Often, slow is the fastest way.

So ultimately, the essence of position management boils down to two things: risk management plus emotional management. No single candlestick or technical indicator can replace it. Especially when your capital is still relatively small, you must master this approach—big funds can afford to lose money trying various methods, but every dollar you have can’t afford to be tossed around recklessly.

Trading is like warfare; position size is a strategic-level decision, while technical indicators are just tactical tools. When you embed the mindset of position management into every trade, your mindset becomes stable, and subsequent operations won’t go off course. That’s the fundamental logic for surviving long in this market.