In position management, "chasing orders" refers to the action of buying or selling when the market trend is clear, such as when the price breaks through a key level or shows a one-sided market. However, chasing orders must be combined with position control and should not be done blindly; it can be done specifically like this:

1. Position preparation before chasing orders

- First determine if the trend is valid: It's best to enter positions when the trend is clear, such as when the coin price breaks through recent resistance levels with increased trading volume, and moving averages are in a bullish arrangement. Avoid frequently entering positions during a sideways market; in this case, it is recommended that the total position not exceed 50% of total assets, leaving some funds to respond to sudden pullbacks.
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- There should be a limit on the position for single asset follow-up orders: even if the trend is very clear, the position for following up on a single cryptocurrency should not exceed 10%-15% of the total funds, consistent with the previous principle of single cryptocurrency positions, to avoid losing too much on a single asset when the trend reverses.

2. Position methods when placing follow-up orders

- Scale into your position, don't buy all at once: When scaling in, divide into 2-3 batches. For example, use 40% of your planned position to enter initially. If the trend continues, for instance, if it rises another 5% or stabilizes above a breakout point, use 30% to add to your position, leaving the remaining 30% as a reserve to avoid being caught in a pullback after going all in.
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- When using leverage for chasing orders, it is essential to strictly control the Position: If you use leverage to chase orders, it is recommended that the leverage multiple does not exceed 5 times, and the margin for the chasing order position should not exceed 20% of the total margin. For example, if the total margin is 10,000 yuan, only use 2,000 yuan margin to open a position while setting the stop-loss line at 3%-5% of the entry price to avoid liquidation.

3. Position Adjustment After Following Orders

- Quickly move the stop loss up: After entering with a chasing order, if the profit reaches 2%-3%, immediately adjust the stop loss line to the entry price, which is called "breakeven stop loss", to avoid losing profits or even turning into losses due to a sudden trend reversal.
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- Take profit in batches: When the profit reaches expectations, such as 8%-10%, you can first close 50% of the Position to lock in profits, leaving a portion of the Position to see if the trend can continue, while moving the stop-loss line up to 50% of the profit point, for example, after a 10% profit, move the stop-loss up to the position of a 5% profit.