My biggest feeling lately: I can’t hold my spot position because my position is too heavy—once it goes up a little, I’m afraid of a pullback. As for the futures side, getting liquidated—plainly speaking—is like having “wanting to get rich quickly” written on your face. If you want one human explanation for position management: first, make sure you’re able to survive to tomorrow. Light positions aren’t me pretending to be Zen; they’re giving your emotions some breathing room. Otherwise, every single candlestick feels like it’s putting you on trial.

Recently, the group has been passing around talk about stablecoin regulation, reserve audits, and all kinds of rumors that “we’re going to de-peg.” I get anxious too after hearing it so much, but my current approach is pretty old-school: I don’t put all my cash into one stablecoin. If I really want to sleep well, I spread things out a bit. And with leverage—if I can avoid it, I avoid it. Anyway, I’m the type of person who waters things slowly; if I get impatient and can’t help myself, I’m likely to overdo it and stunt the growth. That’s all for now.