How does Bit King manage positions, and what does he do when facing continuous losses? He said that his first ten million took the longest and was the most painful; during this period, the trading system was constantly being reshaped and refined, taking a full year and a half. The subsequent accumulation of funds took only half a year.🧐😍

He said this process is what old Buffett talks about with compound interest, but even he often encounters the problem of being continuously liquidated.

So after the first stop-loss, if he enters the market again, he will increase his position based on the original amount. For example, if the first position is 30% and gets stopped out, then the second time he will use 32% of the position. If he gets stopped out again the third time, he will use 35% of the position. The benefit of this approach is that if he gets it right later, he can recover the losses from the previous stop-losses. However, if the third time is still stopped out, he must take an unconditional break!

His real account has also experienced several significant drawdowns, but he can laugh at the end because he can decisively cut losses when making mistakes. The pain of a stop loss is much better than the continuous pain of an unrealized loss. Therefore, he places stop loss as the top priority. Before opening a position, he first considers how far it is from the stop loss level and whether the stop loss range is within his tolerance, and only then does he consider taking profit. When dealing with different market conditions, the size of the position should also vary. How much leverage to use depends on several conditions. Watch the video!!