Position management is what truly determines whether you can survive in the long term. $PIPPIN
Many people understand position control only in terms of "how much money I invested."
But that is just the surface.
The essence of position management is managing emotions.
Just imagine this:
If you're fully invested and hit by a large bearish candle, even approaching a limit down,
can you remain calm at that moment?
Most people are not analyzing; they are instead ignited by market emotions.
Once emotions flare up, judgment becomes distorted.
What often follows is: chaotic scaling in, chaotic stop-loss, making more and more mistakes.
But what if you are only 10% invested?
To be honest, it’s really not a big deal.
The position isn’t high, the logic hasn’t broken, you can continue holding;
Even if you stop-loss, the loss is completely within an acceptable range.
Emotions don’t collapse, and the mindset remains stable.
Emotions → Mindset → Response → Results
This is a complete transmission chain.
Those who truly know how to manage positions move at a very slow pace.
I have a habit:
After 2:30 PM, I make important decisions.
The strength or weakness of the day is basically clear by this time.
90% of mistakes in the market come from one word—rush.
Rushing in, rushing out, rushing to prove oneself.
Slowing down actually leads to fewer mistakes.
Slow is, in fact, fast.
Once you understand and execute position management properly,
you will quickly feel the change:
Your 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,
while technology is merely tactics.
I have been in the market for ten years; these are all personal experiences,
not just preaching to you.
Truly understanding position management,
you can say you have really stepped into the door of trading.