When funding rates are extreme, I only have two thoughts in my mind: one wants to take the other side to pick up cheap trades, and the other frantically reminds me "You're here to make money, not to prove you're smart"... Basically, during such times, the volatility is so high that your stop-loss points seem like decorations.

My usual approach is to hide first: reduce my position to a very small size, prefer to miss out rather than get whipped back and forth and get wiped out; if I really need to reverse, I only use the amount of money I can afford to lose on the spot, don’t get carried away.

What’s even more frustrating is that this kind of emotion easily leads people to click on random links and sign random signatures. Recently, phishing has been rampant again, hardware wallets are out of stock, and many people are rushing with hot wallets. I just want to explode: no matter how attractive the fee rate is, it’s not worth authorizing an “unlimited limit” and then forgetting to turn it off.
Anyway, I first scan all the authorizations, if I don’t see the wallet popup clearly, I don’t sign, even if it means missing a big bullish move.
That’s it for now.