I used to think "just get the direction right," but when spot prices rise, I want to chase, and when they fall, I want to run; now I only have one piece of advice: if you can't hold onto spot, don't use contracts to "boost confidence" for yourself. That's not confidence, it's amplifying emotions, and a liquidation is just a matter of time.

Position management isn't complicated for me either: first, think through the worst-case scenario—if this position gets cut in half, will I be unable to sleep? If yes, then it means the position is too large. Then leave yourself an exit route, don't go all-in at once, enter in several steps, and also exit in several steps. If you lose, you can accept it; if you make a profit, you can take it.

Recently, memes and celebrity calls have become popular again, attention shifts as fast as the wind. To be honest, experienced traders aren't afraid of volatility—they're afraid of their own itchy hands wanting to take the last swing... Reduce your position a bit first, stay calm, and don't deceive yourself.