Spot positions can't be held, and contracts always seem to get liquidated. To be honest, it's not that you're not trying hard enough; it's that your positions are working against you. Here's my straightforward version: first cut down the "deadly positions" to a size you can sleep peacefully with, then discuss your views. Positions that make you emotional are the wrong positions, even if the direction is correct.



I used to be stubborn too, thinking I was just "having strong drawdown tolerance"... Later I realized it was greed: not planning for spot, trying to become rich in one bite; using leverage on contracts, trying to exchange time for better odds, and then being repeatedly educated by the market. Now I’m more direct: for spot, buy in batches, and add more when it drops; for contracts, only take small positions that won't affect your mindset, admit mistakes immediately, and don't use "wait a bit longer" as a mercy voucher for yourself. Recently, the stacking of yields from that pledge set was criticized as a "set of dolls," which also looks like a failure in position management: you think you're stacking returns, but you're actually stacking risk. Cash flow isn't in your pocket; it's all stories. That's it for now.
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