When it comes to lending and borrowing, I usually don’t keep fighting when the liquidation line is three steps away from the red line… I deal with positions as if they’re the kind that could get the table flipped at any time: either add a bit of margin to widen the gap with the line, or simply reduce your position to stay alive. To put it plainly, I’d rather make a little less profit than wait until there’s a shake on the chain and the slippage gets amplified—then get sold off by the system straight-up.

Recently, Memes and celebrity price-calls have been getting hot again. As attention shifts in a new round, newcomers are very likely to get overexcited and add leverage to take the last baton—and then when the market turns around, liquidation is even more painful than losing money… Anyway, I only watch my own checklist and risk line now, and I don’t go along with emotions.

The information environment is too noisy. My noise-reduction strategy is: focus on just two things—the distance between my liquidation price and the current price, and how many rounds of volatility I can still withstand; mute other group messages for now, and look again later when the time is right.