My simple way of talking about position management right now is: don’t think about how much you can make first—make sure you don’t get kicked out of the game. If you can’t hold your spot, it’s mostly because your position is too heavy; once volatility hits, your nerves go. With futures, getting liquidated is even easier: the moment you open leverage, you’ve basically “sold” your time, and if the market just shakes around a bit, you’re suddenly out of it.

I’m even more blunt myself: I split my spot into a few parts and buy gradually, keeping a portion of cash as a cooling agent. If I really end up touching futures, I only use a very small amount—if I lose, I treat it as tuition. I don’t add to the position or hold through the liquidation. A couple of days ago, I saw an on-chain transaction where funds from 0x7a…c3e left an exchange and then got transferred into a derivatives contract address. Not long after, I started seeing a string of liquidation alerts—pretty realistic.

Recently, everyone’s been complaining that miners/validators are getting fed too well, and that MEV front-running makes ordering unfair. To put it plainly, the “sudden needle” you see on the candlestick chart is often not your hand shaking—many times, someone else saw your stop-loss first. Anyway, I just set my stop-loss/take-profit further out, keep my position smaller, and if I can endure, I endure. That’s it for now.