Sudden Enlightenment on Position Management: Slow is Fast, Survive to Win
I almost lost all my savings until I truly understood position management, which helped me transition from being a retail investor to achieving long-term stable profits. I used to think that position meant 'investing a little less', until I was caught off guard by a big bearish candle that halved my account, realizing that the problem wasn’t the market but myself.
When emotions run high, either I cut losses at the lowest point or keep averaging down deeper, losing two years of savings in one month. It was only later that I fully understood: the essence of position management is managing emotions, not money.
Since then, for any promising assets, I never invest more than 10% of my position on the first entry. If it drops, I don’t panic; losses are controllable, stop-loss can be executed, and with steady emotions, my judgments don’t go astray. I also set a strict rule for myself: I won't make important decisions after 2:30 PM, waiting for the market's strength to clarify before acting. Slowing down actually helps avoid most traps.
In the past, I chased highs and cut losses, and my account kept shrinking; now I choose slowly, wait slowly, and operate slowly, and my returns have become increasingly stable. It was at this point that I truly understood: slow is fast.
Don’t underestimate position management; for small funds, it is even more crucial. Remember this phrase: position is strategy, while technique is merely tactics. The market doesn’t lack short-term experts; what it lacks are winners who survive long-term.
Now, I’m not intimidated by a single candlestick, nor do I collapse due to a single drawdown; I focus on one thing—steadily moving upward. This market is no longer about who earns faster, but about who lasts longer. Survive, and you win.
