These past couple of days, I laughed at myself: when spot prices go up, I want to sell; when the contract pulls back a wave, I get itchy to add more; as a result, I missed the easiest part, and the hardest part almost blew up. To put it simply, position management boils down to one thing: prioritize "being able to survive until tomorrow." The main position only trades spot; only if you can hold it do you qualify as the main position. If you want to stimulate, use a small position to play; even if you lose, it’s just the cost of a milk tea (this time I threw in 20 bucks to test the waters). Don’t let emotions get into leverage. Recently, everyone compares RWA, US bond yields, to on-chain yield products, I see that too, but the more I look, the more I feel: no matter how attractive the yield is, you first need to ask if you can handle the drawdown. If you can’t, don’t force it; wait 15 minutes to calm down before confirming. Anyway, the market won’t stop just because I don’t place an order.