The weather today is stiflingly stuffy, and I was stuck in traffic for half an hour on the way out. The coffee on the table has already cooled... I'm still thinking about one thing: holding spot is impossible, and contracts keep exploding. Honestly, it's not "bad judgment," mostly it's because the position is too greedy.

Here's a simple way I tell myself now: calculate the worst-case scenario before placing an order. For spot, just assume it can drop a big chunk first—can you still sleep at night? Contracts are even simpler; just set a limit on "how much I can lose before I admit defeat," keep the liquidation line further away, and don't pin your hopes on "a quick correction will bring it back." Especially lately, with cross-chain bridges having issues and oracles occasionally acting up, the on-chain consensus of "wait for confirmation" feels pretty real. Leverage works the same way—by the time you react, it's often already too late.

Anyway, I’d rather earn a little less than be forcibly liquidated and become a chives sample. That’s all for now.