Hey, when you're at that moment of "just three steps away from liquidation," do you feel your heartbeat racing straight up to your throat... I tend to get nervous and start trembling, wanting to add to my position, but I’ve been educated a few times about that.

My current quick fix is: treat your position like an octopus with too many tentacles, and first cut the easiest one to get tangled—reduce leverage a bit, or pay back a small part first to bring your health level back to a sleepable state; then swap out collateral for less volatile assets, don’t stubbornly hold on to "just a little more." If you need to add margin, do it in two steps, or else poking a needle in and realizing it’s still not enough can make things worse.

And don’t forget, the chain itself can also cause issues… Recently, before and after the upgrade/maintenance of that mainstream public chain, everyone was guessing whether projects would migrate. My habit is to leave a time window for borrowing and lending operations in advance, so you don’t get caught firefighting during network congestion or oracle jumps. Basically, when you're three steps from the red line, surviving first is much cooler than gambling it all.