The liquidation line in lending is really like hot soup bubbling in a pot—the closer you get, the more fragrant but also hot. When I’m three steps away from the red line, I usually don’t pretend to be tough first: I switch my position from "pouting" to "can sleep peacefully," add some margin if I can, if I can't, I reduce leverage or pay down some debt first, don’t wait for the system to make the decision for me, that feeling of being lifted away with one click is too awkward... By the way, turn on stop-loss and alerts, don’t mute your phone.

These days, someone keeps tying ETF fund flows, risk appetite in the US stock market, and the ups and downs in the crypto world together, I just want to laugh listening: frankly, people are telling stories, I just look at the thermometer, don’t chase the hot soup, first see if it’s hot or not.

What I fear most isn’t actually missing opportunities, but losing the confidence that I can still stick to my plan steadily.