These days, someone asked me again: why can't I hold onto spot positions, and why do contracts often explode? To put it simply—it's one sentence in human language—if you can't handle the position, don't pretend you can hold it. If you want to hold spot longer, cut off the part that could wake you up in the middle of the night; contracts are even simpler, don't use "I see the right direction" as a talisman, high leverage means that a little normal fluctuation will wipe you out, it has little to do with skill level.

Right now, I’m watching the funding rate, open interest, and sentiment lines. When things are quiet, I actually feel more nervous: reduce positions first, keep some bullets, and if I’m wrong, I can still survive and adjust. By the way, the noise about NFT royalties is also quite similar to trading—everyone wants to take a little more, but with poor secondary liquidity, in the end, everyone suffers… For now, survival is more important than proving oneself.