I’m pretty laid-back, but I’ve also been taught this: holding spot positions is hard because once your position gets too big, the moment volatility hits you start imagining you’ve lost everything. As for futures, liquidation is easy—plain and simple, it’s about using a short-term mindset to endure long-term swings. My one-sentence version of position management is: first assume you might get it wrong, and then make “you can still survive even if you get it wrong” your top priority. Only when your position is small enough that you can sleep at night are you actually qualified to hold it.

Recently, another round of attention-shifting is underway—meme coins, celebrity endorsement callouts—so newcomers are easily dragged along by the heat… Veteran players tell you not to take the last step. It’s not just pretending to be clear-headed; they’ve seen too many “I was just one move away from breaking even” end up turning into “forget it.” These days, I’d rather interact slowly and take things step by step, keeping everything clean: a little less each time, but don’t get yourself killed. That’s it for now.