I’ve found that a lot of people can’t hold onto spot positions, and yet in futures they still end up getting liquidated. To put it plainly, it’s not that their technical skills aren’t good—it’s that they don’t take their position sizing seriously. Here’s my plain-spoken version of advice: first, write out the “worst-case scenario” clearly—if this trade goes against me, down to where I can still sleep at night. If you can’t sleep, then it’s too big. Cutting the position in half right away isn’t embarrassing at all. Futures are even simpler: don’t try to use leverage to amplify your emotions. Only use as much margin as you can honestly accept losing, and treat the rest as if it doesn’t exist.

Lately, people keep bringing up the unlocking of staked assets and the unlocking calendar every day—there’s definitely real anxiety about sell pressure. But what I fear even more is that I’ll add to my position because I’m anxious, and end up turning it into the “betting chips” on the gambling table… Either way, I’d rather miss out right now than be pierced through again by a single needle. That’s it for now.