Just now, I got a little itchy and wanted to chase after a position. Before opening the position, I forced myself to say: Am I getting new information, or am I being pushed by the emotion of the K-line? Honestly, if there’s no information, don’t force leverage; when the interest rate curve rises, the liquidation line is closer than you think, and a few spikes will wake you up.

Recently, the NFT royalty fee debate also looks quite similar: on one side, they say they want to protect creators’ income, but on the other side, they’re worried about the lack of liquidity in secondary markets. Trading is the same; emotions want “immediate” results, but the market will remind you with higher capital costs, and the person who’s impatient usually pays the tuition first. Anyway, I’d rather earn a little less now than let my position keep me awake.