#数字资产市场洞察 At 2 AM, my phone didn’t stop ringing. $BNB A trader fren from Guangdong sent a bunch of voice messages, and the tone sounded a bit urgent:

"I invested 10,000 U in a full margin long position with 10x leverage, and my account got wiped out after just a 3% drop. What on earth is going on?"

Looking at the trading records, I entered the market with a full position of 9500U, and I didn't even set a stop loss.

Many people misunderstand it — thinking that "full position = can withstand", but in reality, it's completely the opposite. If the full position operation is not used correctly, it can lead to quicker losses than a partial position.

**The Real Reason for Full Position Liquidation: Leverage is Secondary, Position Allocation is Key**

For an account with 1000U:

Investing 900U with 10x leverage, if the market moves against you by 5%, it will go directly to zero;

But to invest only 100U with 10x leverage, it must drop by 50% to get liquidated.

My fren just put 95% of their account in, using 10x leverage, and with just a slight pullback, it was all gone.

**How to use full margin without liquidation for half a year and still grow funds? Three methods**

1. **Single position not exceeding 20% of total funds**

An account with 10,000 USDT can only invest a maximum of 2,000 USDT at a time. Even if you misread the market and incur a 10% stop-loss, you would only lose 200 USDT, preserving your principal, and you will have the opportunity to recover at any time.

2. **Set a loss limit for each trade, never exceeding 3% of total capital**

For example, using 2000U with 10x leverage, setting a stop-loss at 1.5% in advance will automatically close the position when reached, resulting in a loss of 300U, which is exactly 3% of the total capital.

Even if you make mistakes several times, it won't hurt your bones.

3. **Do not open positions in a volatile market, and do not add after making a profit**

Only intervene when the trend is clear; even if the sideways movement is tempting, wait a bit.

After opening a position, do not increase the stake, as this can avoid emotional impact on decision-making.

**The original design intention of full margin: to buffer risks, not a gambling tool**

The full margin mechanism is originally designed to leave room for error in volatility, but the prerequisite must be cautious testing with light positions combined with strict risk control.

A fan used to get liquidated every month, but after following these three rules, he managed to roll his 5000U up to 8000U in three months.

He said: "I used to think that going all-in was risking my life for money, but now I understand that going all-in is actually to live a bit more steadily."

To survive in the crypto space, it's not about who makes money fast with $XRP, but about who can last the longest.

Make fewer directional judgments and focus more on position management. Taking it slow will actually make you faster. The market is always there, and opportunities won't run away; to achieve steady growth, you must control the pace.