#数字资产市场动态 $ETH

How long can you survive in the trading market, and what keeps you going? Many people give answers like technical analysis or good luck, but these are just surface explanations. The real dividing line is actually a word—position sizing.

Don't get it wrong. Position management is far from the superficial concept of "how much I invest this time." Going deeper, what is its root? It’s your psychological resilience.

Imagine this scenario: you go all-in with your chips, and suddenly a large bearish candle drops, the price keeps probing lower, pushing to the limit your nerves can handle. At this moment, can you still stay rational and calmly analyze the market? Honestly, almost no one can. Fear and frustration will hit you simultaneously, and every subsequent decision begins to distort—rushing to add to your position to recover losses, frequently moving stop-losses, sinking deeper into the trap. This chain reaction is difficult for anyone to avoid.

Conversely, what if you only hold a small position? Losses wouldn’t threaten you at all, and you wouldn’t feel the pressure of life-and-death stakes. Stop-loss is just stop-loss; as long as the logic makes sense, keep holding, and stay mentally clear. Only then will your judgment remain unclouded.

It all boils down to a chain: capital pressure → psychological breakdown → operational distortion → inevitable outcome. The most honest cause-and-effect in trading is exactly that.

I have a personal habit—making major decisions only after 2:30 PM. Why? Because by that time, the market’s bullish and bearish trends are fully revealed. The earlier morning period is full of mistakes, and the root cause is two words—**impulsiveness**. Rushing to get in, rushing to act, rushing to prove yourself.

What actually helps you make fewer mistakes is the most underestimated thing—**slowness**. Slowing down can help you bypass more traps. Sometimes, slowing down is the most efficient approach.

Therefore, the essence of position management is risk management, and also mental state management. No indicator can replace it. The smaller your capital scale, the more you need to understand this—big institutions can afford to test and learn with real money, but you can’t afford to lose every dollar.

Position sizing is a strategic decision; technical analysis is just a tactical tool. When you truly integrate position management into every trade, your mindset stabilizes, and your operations naturally stay on track. This is the internal logic for surviving long enough in the market.