After the first two liquidations, I realized that what’s most frightening isn’t necessarily the market itself, but those “unlimited authorization” permissions still lying dormant… Sometimes when switching to a new contract or a new DApp, I just click confirm out of habit and forget about it. When the project team encounters issues or I click the wrong link someday, the permissions are still there, and anything in the wallet can be drained—it's like sleeping with the door unlocked.

Recently, Meme and celebrity calls have sparked another wave, and newcomers in the group are chasing eagerly. I don’t try to dissuade them, just one sentence: don’t be the last one holding the bag. If you really want to play, that’s fine, but at least regularly revoke permissions, especially after using them. I now prefer to click a couple more times rather than having to catch up later.

By the way, I don’t think “long-term” is that grand… For someone like me who’s focused on margin, long-term probably just means surviving one emotional cycle. Short as two weeks, longer maybe a month to a quarter, depending on when volatility cools down. Anyway, stop-loss and revoking permissions—just do those first.