I can never hold my spot positions for long, and I’m always scared that in derivatives, one wrong step will trigger a liquidation. Later, I gave myself a piece of plain, human-language advice: first, write out the “worst-case scenario”—if this trade goes to zero/gets liquidated, will I still be able to sleep? If not, then cut it down to a size I can handle. Don’t set your position size based on bravery; set it based on the maximum loss you’re willing to take, and let time and probability do the rest.

Recently, that major public chain has been set to upgrade/hard fork, and the group has been speculating about whether the ecosystem will migrate—so I’m even less willing to open too big around the maintenance window. Once volatility spikes, even if you’re smart, you can still easily get swept out.

Anyway, I’d rather miss out on a stretch than prove myself with added leverage. The part I don’t regret is… after I cut my position size smaller, my mindset really has stabilized, and my decisions are less impulsive.