#以太坊大户持仓变化 People who get liquidated often blame "bad luck," but the truth is usually a misunderstanding of "rolling positions."

Rolling positions is not about throwing money into the market every time it dips—that's called "self-destructive averaging down." True rolling is about letting the profits you’ve made bear the risk, while locking your principal in a safe.

**Why ordinary traders often get wrecked by rolling positions**

When the price pulls back, their mindset collapses. They rush to add to their position, trying to lower their average cost—that sounds logical, but in practice, it’s disastrous. The position gets heavier and riskier, and a deep correction can lead to liquidation. Essentially, they’re betting on a rebound with their principal, but the odds of losing are much higher than winning.

**How the real experts do it**

The core principle is simple: let profits take the risk, keep the principal locked in.

Suppose you have 8,000 USDT in your account, and you judge that a certain coin has room to fall. How do you operate?

**Stage One: Verify your logic with minimal cost**

Start with a small position of 400 USDT (about 5%) and set a stop-loss. This order isn’t about making money; it’s about testing whether the market accepts your judgment. If you’re wrong? The loss is limited.

**Stage Two: Only add when you’re in profit**

When your first position’s unrealized profit reaches about 50% (for example, 200 USDT), that’s your signal to add. The key is—money used to add must come from this unrealized profit. Use this 200 USDT gain to open a second position. The worst-case scenario? The second position loses everything, but your principal remains intact—your 8,000 USDT is still safe.

**Stage Three: Confirm trend and take partial profits**

If the market moves as you expected, and your unrealized profit approaches or exceeds your initial principal, it’s time to take profits in stages. Or move your stop-loss up to your cost basis to ensure at least break-even. The remaining position can then continue to ride the trend.

**One core message**

Use profits to generate more profits, don’t gamble your principal on rebounds.

This approach forces you to shift from "proving yourself right" to "letting the market speak." The survival cycle extends significantly. If you’re still frequently holding positions through heavy swings or occasionally getting liquidated, it’s time to change your mindset—systematic risk management isn’t a waste of time; it’s a necessary lesson to survive longer in the crypto space. $ETH $BTC