#数字资产市场动态 It's 2 a.m., and my phone keeps vibrating.

A buddy who trades in Shenzhen is all panicked in the voice chat:

"Bro, I put all my 10,000 yuan into the position, using 10x leverage to go long on $PIPPIN, and it only drops 3%, and my money is gone? What's going on?"

I looked over his trading record:

Full position with 9,500 yuan, 10x leverage, no stop-loss set at all.

This is a common trap — many people think that full position means they can withstand volatility, but the opposite is true.

Using full position poorly actually leads to the fastest death.

What truly determines whether you'll get liquidated isn't how high your leverage is, but how much real money you throw in at once.

Take the $BEAT example for clarity:

Same 10x leverage —

Opening with 900 yuan, a 5% adverse move wipes it out completely;

Opening with only 100 yuan, it takes a 50% adverse move to get liquidated.

The buddy's problem wasn't misreading the direction. The real issue was firing 95% of his bullets at once.

As long as the market has a normal correction, he has no room to adjust.

I also often use full positions, but I follow three strict rules that I never relax:

First: For a single position, only use up to 20% of total funds.

Second: Total loss at once cannot exceed 3% of total funds.

Third: During market volatility, prefer to stay out of the market; even if you make money, don't greedily add to your position.

The true meaning of full position is to leave buffer space for market fluctuations, not to gamble everything on one shot.

This is even more true in markets like $LIGHT.

In the crypto world, it's never about who makes money the fastest.

It's about who can survive the longest.

If you've ever struggled between "full position" and "holding on stubbornly," the problem isn't your market judgment.

The problem is that you've left yourself too little room to adjust.