It's unbearably stuffy outside today, and the traffic jam made my coffee go cold. When I come back to check the market, it's even more depressing: spot prices rise and I want to sell, but when they pull back, I don't dare to buy; futures are even more ridiculous, I want to "add a bit" but a sudden spike just straight-up teaches me a lesson.

To put it plainly, position management boils down to one thing: don't treat the next candlestick as a life-saving straw. If you can't hold onto spot, reduce to a level where you can sleep peacefully, even if it means earning less; if you're really going to open a futures position, treat it as the cost of admission, first lock in your maximum loss, don't prove you're right by adding to your position... I may be stubborn, but after blowing up a position, my hands really tremble.

Recently, that mainstream public chain is supposed to upgrade/maintain, and everyone in the group is guessing whether the project will migrate. I just look at whether funds on the chain are secretly withdrawing or if protocol revenue is dropping; when TVL shrinks, my confidence shrinks with it, but I don't want to gamble on emotions anymore. That's it for now.