Woken up by the news in the early morning. The video call connected, and the face in the screen had red eyes.

The girl from Wenzhou, the 6000U account - gone.

"Just pull back three points, all-in long position, how come…"

I asked her to send over the screenshots of the records. 5800U fully invested, too lazy to even draw the stop-loss line.

Many people think that using all funds can make quick money. Wrong.

Full margin is like taking off the brake pads and driving; if the steering wheel is slightly off, you will directly crash down the cliff.

In the matter of liquidation, the leverage ratio is not the main character at all. The position is the critical factor.

Let me do some calculations for you:

With 800U principal, using 750U to open 5 times, if the reverse fluctuation is 6%? It goes to zero.

But if you only use 75U at the same multiplier, it will have to fluctuate to 86.7% to lose everything.

The ability to withstand blows is nearly 12 times worse.

With her 96.7% heavy position and 5x leverage, she can't withstand a small pullback. Who can she blame?

This year I also fell into some traps. Later, I figured out three rules for survival, and not only did my account not die, but it also increased by almost 80%.

**Rule 1: Do not exceed 7% for a single transaction**

A 6000U plate can open a maximum of 420U at a time. Even if a 7% stop loss is triggered, it would only result in a loss of a little over 29 bucks, which won't hurt much.

**Rule 2: Single loss should be kept within 1.1% of total capital**

For example, opening 420U at 5x leverage, set a 1% stop loss in advance. The actual loss is 8.4U, which is about 1.1% of the total funds. Cut it off when it hits the point, don't hold onto any illusions.

**Article 3: Market Unclear? Stay in Cash**

Having itchy hands is not a reason. Wait until the trend is clear before taking action—only enter the market when the daily line breaks through the key position and the trading volume follows.

There was a guy before who would explode every month. Later, he stubbornly stuck to these three rules and in four months went from 3200U to 55000U.

He said to me: "I used to think that going all in was a gamble with my life. Now I understand that true all in is about living longer."

I have also crawled and struggled through that dark night. Now I have a lamp in my hand that keeps shining.

Do you want to come over?

Today's focus: the market changes of BTC, 0G, and SOL.