Here's a plain language summary of my current position management: First, assume I will make mistakes, then decide how many times I can err. If I can't hold onto spot positions, don't force a long-term hold; if I really want to participate, break it into small parts, so I can buy more when it drops and not chase high when it rises. Futures are simpler; only positions that I can wake up to and still hold are true positions, everything else is gambling.

Recently, there’s been a lot of noise about pledge and shared security “profit stacking,” to be honest, it’s just that you think there’s an extra layer of profit, but actually there are multiple points of explosion, and the correlations come together, making stop-loss impossible to execute in time. Anyway, I’m only doing two things now: cap single-losses first, add more if the direction is correct, admit defeat if not, and don’t treat unpredictable losses or liquidation as tuition for growth. That’s it for now.