The alarm clock on my desk rings every day, reminding me “Don’t chase highs, and don’t open big positions,” but in the end I still slip and tap confirm… To be blunt, position management is just one plain piece of human advice: first assume you’ll do something dumb, and then limit how much dumb you can do to that amount of money that won’t be fatal. If you can’t hold spot, don’t go all-in; buy in a few bites. If it drops, tell yourself it’s tuition. For futures it’s even simpler: don’t fantasize about turning things around in one shot—keep the leverage so low you find it boring, and set stop-losses so fast you don’t feel embarrassed. Lately, the pledge-unlocking and token-unlock calendar have been dug back up again to talk about sell pressure, and I’m anxious too. But compared with guessing whether other people will sell, I’m more afraid that I won’t be able to hold up and will just add positions recklessly… That’s it for now—if the alarm rings again, I’ll change.