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I just brewed a glass of water, glanced at my lending position, and found that the liquidation line is only "three steps" away from me... I immediately wanted to leverage up and push it further away, honestly, this is when it's easiest to get caught up in the hype.
My approach is to pause for 30 seconds first, don't rush to add margin. First, cut a little from the part of the position that I least want to endure volatility, giving the red line some breathing room; then swap the collateral for something with less fluctuation (otherwise, adding more might also cause a drop). If I still want to hold on, I only do a one-time action: either add or reduce, don’t go back and forth, because repeated actions are most likely to lead to revenge trading.
Recently, everyone has been testing the incentive programs and points on testnets, also guessing whether the mainnet will issue tokens. I’m itching too, but I treat this "uncertain expectation" as a source of high volatility, preferring to keep the liquidation distance at a level I can sleep soundly... Anyway, staying alive is what matters for what comes next. That’s all for now.