I haven't been paying much attention to on-chain transfer notes these past couple of days, my mind is all about "spot can't hold, contracts blow up as soon as they go live" in this cycle... To put it simply, position management boils down to one thing: don't let any single trade have the power to crush your mood for the whole day. On the spot side, I now split my "want to catch the bottom" orders into several parts; once I buy, I treat it as lost, and don't watch the one-minute K-line. Contracts are even simpler, ask yourself before opening: if this trade goes against me, what's the maximum loss I'm willing to accept? If the answer is "I don't know," then you're basically opening a blind box with your account. Recently, everyone has been mixing ETF fund flows and even US stock risk appetite into one pot to explain the rises and falls, which looks lively, but I personally trust the most straightforward evidence in my account: surviving longer is more important than guessing accurately. Let's start with that.