My current understanding of "can't hold spot, contract gets liquidated" is just one plain truth: you're not misreading the direction, you're putting yourself in a position that requires immediate action. Don't go all-in on spot; divide it into several parts, so if it drops, you can add more, and if it rises, you won't chase and ruin your mindset. Contracts are even simpler; don't treat leverage as a profit amplifier, but as a liquidation accelerator. First, set a hard limit on single trade losses (like knowing when to admit defeat), don't rely on willpower to endure.

Recently, I've been discussing rate cut expectations, the US dollar index, and risk assets rising and falling together. Honestly, this kind of environment makes people more likely to "think they understand macro," and then they keep increasing their positions... Anyway, I now prefer to earn less rather than have a needle pierce through my account. By the way, a reminder to myself: surviving and waiting for the next opportunity is more important than winning this time. I'm going to get to work.