In cryptocurrency trading, full position and isolated position are two different trading modes, which have significant differences in position management, risk control, and fund usage.

Full position mode:

Definition: In full position mode, all available funds in the contract account are considered as usable margin.

Features: The larger the total position of the account, the further the liquidation price is, which means there is a greater opportunity to return to the average price or turn losses into profits.

Multiple different types of orders can be opened, but the assets in the contract account are shared. The liquidation price is based on the first reached liquidation price. After liquidation is triggered, all funds in the contract account will be reduced to zero.

Applicable to single commodity single orders, but it is not recommended to open multiple commodity orders, as the shared margin mode means that triggering the liquidation price of any one commodity will clear all funds.

Advantages: Suitable for situations with ample positions and a single type of entry, the account has a strong ability to withstand losses, making it convenient for operation and position calculation, commonly used for hedging and quantitative trading.

Disadvantages: If the liquidation price of any one of the multiple types is triggered, all will be cleared, especially when small altcoins frequently spike, which can easily affect normal holdings.

Positional model:

Definition: In a positional model, users can hold positions in both directions, with short and long positions calculated independently for risk.

Characteristics: The liquidation price is determined by the margin of a single order. To extend the liquidation price, one must continuously inject more margin into that order.

Multiple orders of different types can be opened, and assets in the contract account are not shared. The liquidation price of each order is calculated independently based on the margin of each order. After triggering the liquidation price, only the margin of that specific order is stopped out, without affecting other orders or other funds in the contract account.

Advantages: Multiple orders of different types can be opened, where triggering the liquidation of any order does not affect other orders, nor the overall position of the contract account.

Disadvantages: The liquidation price is relatively close, mainly determined by the margin and leverage of the position. To avoid forced liquidation, one must continuously inject margin, which can easily turn small losses into larger ones, and potentially into massive losses. It is essential to keep a close eye on the liquidation boundaries and market trends.

Rollover tactics:

Full position rollover: Suitable for situations with ample positions, one can increase positions as floating profits rise, but must be aware of the risks after breaking through the additional position point.

Positional rollover: Suitable for smaller funds and diverse entry types, allowing for risk diversification. In positional liquidation, only the margin of that direction is lost, without affecting other funds.

Position management:

Effective position management is key to success. One can adopt left-side or right-side position management methods, buying in batches, flexibly handling averaging down, and avoiding frequent operations that lead to increased costs.

In a positional model, one can use a rollover strategy to increase positions with profits, but should avoid averaging down on losses, paying attention to market trends and safety cushions.

Practical details:

When rolling over positions, one should combine 'defensive' and 'aggressive' strategies, waiting for the best timing to enter the market, such as breaking through key resistance levels, significant price increases, news-driven movements, or sector-wide rallies.

Use profits for rollover, keeping the principal as a safety cushion, and avoid using the principal to increase positions.

Pay attention to stop-losses to avoid liquidation caused by impulsive trading.

In summary, the choice between full position and positional depends on personal financial status, risk tolerance, and trading strategy. A full position model is suitable for ample positions and single-type trading, while a positional model is suitable for multi-type trading, helping to diversify risk. In actual operation, reasonable position management and risk control are crucial for success.

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