Having held FOLKS for nearly a month, I did experience some decent unrealized gains during this period and was thinking of pushing higher. But what happened? The price never reached my target level, and my position kept getting heavier. Risks accumulated invisibly, and in the end, I decided to cut losses and exit.

The entire process taught me several profound lessons.

First, every trade must have clear take-profit and stop-loss levels set at the moment of entry. This is not optional but essential. When the price hits these levels, you must execute; delaying repeatedly with "just a bit more" is not acceptable. The market won't wait for you; it will gradually erode your mindset.

Second, human nature is often unreliable in trading. We are easily driven by hope and also easily paralyzed by fear. Therefore, it is necessary to establish a systematic trading strategy to regulate our actions, letting rules rather than emotions make decisions. Only then can we truly protect our principal and keep risks within manageable limits.

Position management is equally critical. Overly heavy positions amplify psychological fluctuations, and even the best strategies can be undermined by poor execution. Calculate the maximum drawdown you can withstand, then work backwards to determine a reasonable position size. This is the foundation of survival in trading.