If I can only keep one habit: before placing an order, fix in advance exactly how much I can lose at most, and don’t change it on the fly. Put simply, I can’t hold spot positions—I’m afraid that if price goes up a bit, it will pull back and I’ll end up retreating. For futures, if I get liquidated, then a small drop won’t make me admit defeat. If you can’t deal with human nature, just work around it—don’t let your position get to you; only positions managed in a way that lets you sleep at night count as a real position.

Lately, hasn’t everyone been complaining that on-chain data tools and labeling systems are laggy and can even mislead people? I believe it too: it’s better to watch whether your hands are steady than to stare at the labels—no matter how pretty the data looks, it can’t save you from adding to a position recklessly. Anyway, I only have one principle now: don’t add to try to force a reversal—if I lose, I’ll just accept the pre-set amount I’m willing to lose. That’s all for now.