Today I don't feel like drawing structures, so let's talk about some position management practices. Remember these three iron rules: 💡 Never fully allocate your position all at once 💡 Do not add to a position in the opposite direction 💡 Always keep a bullet in your hand 💡 Divide your position into 3-4 parts. The three opportunities to build a position are meant to reduce costs, meaning you have three chances for error correction, not for chasing highs. The last bullet is for survival!