I used to be quite stubborn: I only looked at on-chain data, thinking that all the information was there, and that prices would eventually catch up. As a result, whenever spot prices retraced, I’d get itchy to sell, and when I got caught up in futures trading, I’d treat leverage like coffee with sugar, ending up liquidated and learning my lesson… Honestly, it’s not that I don’t know how to read the market, it’s that my position sizes weren’t disciplined.

Now I tell myself a simple truth: survive first, then dream. Treat spot trading as a slow accumulation, and don’t torment it with short-term emotions; if you want to play the thrill (futures/short-term trades), use only the money that won’t affect your sleep if lost—don’t shove your living expenses into it and tough it out.

Recently, everyone’s comparing RWA, U.S. Treasury yields, to on-chain yield products, and I also feel tempted, but I always ask myself first: is this yield “stable,” or just “looks stable”? If I want to chase it, I’ll keep the position small and save on gas fees… that’s how I’ll start.