I’ve realized that the most common mistake I make isn’t misreading the market direction, but getting caught up in the position: when spot prices go up a little, I want to add more; when they pull back, I panic and want to cut. Futures are even worse—thinking “just testing the waters,” but trembling hands turn leverage into a caffeine boost for survival, and in the end, a single spike clears everything out. To put it simply, position management boils down to one thing: don’t let any impulsive decision determine the fate of your account.

Recently, with cross-chain bridge hacks and oracle errors causing that “waiting for confirmation” atmosphere, I’ve become more calm: keep your money in places where you can sleep peacefully, and set a hard cap on the part you want to gamble with. Even if you lose it all, it won’t affect your mood. The conclusion is: only the positions you can hold are real positions; what you can’t hold is just emotional fluctuation.