Last night I couldn’t fall asleep again, staring at that broken interest rate thing for a long time. The more I looked, the more I felt it wasn’t “news”—it was a switch directly built into my positions. When interest rate expectations lift, risk appetite gets tightened like a screw; the moment there’s even a hint of wind or grass in the market, people start trampling each other in a panic. For someone like me who trades perps, the worst thing isn’t just getting the direction wrong—it’s when volatility suddenly turns “sticky,” when it can’t be pulled up or moved, and it specifically comes to sweep stop-losses… So now I’d rather have a smaller position, keep my stop-losses tighter, admit when I’m wrong, and don’t stubbornly hold through those moments when macro news flips the script.

On a side note, I also saw NFT royalties stir up more arguments again. Basically, it’s the anxiety over allocation after risk appetite gets worse: once liquidity tightens, everyone starts to nitpick every little friction cost. Creators want steady income, while traders just want things to be smoother. Anyway, I prioritize my own survival first. If I can avoid adding leverage, I avoid it. When I get carried away emotionally with a few trades, 8 out of 10 times the market teaches me a lesson.