My recent honest reflection: I want to sell as soon as spot prices go up, and I want to add when contracts open, but in the end, I either can't hold or get liquidated… Honestly, position management boils down to one thing: don’t treat the part of your money that “wants to make quick profits” as “money you can’t lose.” The part you can sleep peacefully with in spot trading, if you can’t sleep, then just don’t leverage, or go small enough that losing only makes you curse a few times and doesn’t make you want to smash your phone.

In the group these days, everyone’s been talking about stablecoin regulation, reserve audits, and various “de-pegging” screenshots. When emotions run high, it’s very easy to get reckless. When I see these reposts now, I first turn off my trading app for five minutes—anyway, impulsive orders are usually not good trades.

My mom asked me yesterday: “That ‘stablecoin’ you guys talk about, what exactly is it stable on?” I just replied half-joking: “In theory, it’s stable, mainly depends on whether everyone believes it… Let’s leave it at that for now, I’m going to take my hand off the open position button.”