Last night’s long position at a low point was a really good opportunity. If I hadn’t run the order, even with just 5x leverage, I would have already earned 5 times the profit. Honestly, such market conditions are rare, and the key is that many people simply can’t hold on.

After some thought, there are really only a few tricks to holding large positions. The first is to watch the trading volume and trend—don’t just look at the price. If the volume can’t keep up with the rise, it’s easy for the price to drop sharply. The second is to pay attention to funding rates and open interest; these two indicators reflect market sentiment and can help you judge the potential for further movement. The third and most important is—don’t take on too large a position. Many people get wiped out because they are fully leveraged; even small fluctuations can break their mindset, and they set their stop-losses too tight. With a lighter position, you’re less afraid of volatility and can hold on longer.

It’s really that simple.