I've started tracking my borrowing and liquidation thresholds, especially those just three steps away from the red line. In the past, when I got nervous, I would watch the market more and more anxiously, and my hands would tremble—either increasing leverage or making reckless trades... Now that I have a record, at least I can see clearly that "I'm just scared," and slow down my actions.

When it really comes down to just three steps remaining, I usually do two small things first: recalculate my position and collateral from the beginning to make sure I haven't remembered incorrectly; then mentally go over whether I can accept the worst-case scenario. If I can accept it, I bother less; if I can't, I reduce or add to my positions—preferably losing a little rather than being forcibly liquidated as a lesson. After all, liquidation isn't an accident; it's a risk I chose myself.

Recently, we've been discussing tax increases and compliance looseness in certain regions. When deposit and withdrawal expectations change, market sentiment also trembles, making lending more prone to chain reactions. Take a sip of coconut water, pull the red line further away, and sleep more peacefully.