I’ve found I just can’t hold my spot positions—I want to run as soon as it ticks up a little. Futures are even more ridiculous: as soon as the market whips around, I whip around with it. In the end, it’s either liquidation or I can’t sleep. Put plainly, position management comes down to one bit of plain human language: don’t treat that “want to win big in one shot” kind of emotion as capital. Going all-in only makes sense if it’s truly the end of the show.

My method is pretty crude: first, take out the portion of money that I can accept losing completely. Anything left over, I treat as if it doesn’t exist. Before opening any trade, think through in advance the absolute worst amount you could lose—if you can’t take it, don’t place the trade.

Lately, that bunch of Layer2 projects have been comparing TPS, fees, and subsidies every single day. They’re “winning” so loud on their mouths… I just want to ask one thing: no matter how fast your chain is, once I get carried away, I’ll still lose money fast. Also, the other day my mom asked me, “You’re saying the on-chain stuff is transparent—so why do people still keep getting rekt?” I could only answer her halfway: the ledger is transparent, but not human nature… Anyway, let’s stay alive first, then talk about returns.