Position management is what truly determines whether you can survive long-term.

Many people understand position control only in terms of "how much money I invested."

But that is merely the surface.

The essence of position management is managing emotions.

Just imagine this:

If you are fully invested and hit a large bearish candle, even close to a limit down,

can you stay calm at that moment?

Most people are not analyzing but are instead ignited by market emotions.

Once emotions rise, judgment becomes distorted.

What often follows is: randomly increasing positions, randomly cutting losses, making more and more mistakes.

But what if you are only 10% invested?

To be honest, it’s not a big deal at all.

The position isn't high, the logic hasn't broken, so you can hold on;

even if you cut losses, the loss is entirely within a bearable range.

Emotions don't collapse, and the mindset remains stable.

Emotions → Mindset → Response → Result

This is a complete transmission chain.

Those who truly know how to manage positions do so at a slow pace.

I have a habit:

After 2:30 PM, I only make important decisions.

By this time, the strength and weakness of the day are basically clear.

90% of the mistakes in the market stem from one word—抢 (to grab).

Grabbing in, grabbing out, rushing to prove oneself.

Slowing down actually leads to fewer mistakes.

Slow is actually fast.

Once you understand and execute position management properly,

you will quickly feel the changes:

The trading mindset becomes noticeably steadier, and operations no longer distort.

Don’t think that only large funds need position management.

On the contrary, small funds need it even more.

Position management is essentially risk management,

and also mindset management.

No technology can replace it.

Position is strategy,

technology is just tactics.

I have been in the market for ten years, and these are my personal experiences,

not just lofty principles to you.

Only by truly understanding position management

can you consider yourself to have genuinely stepped through the door of trading.