I used to think, “If you just look in the right direction, that’s enough.” In the end, I couldn’t hold onto spot positions, and once I got carried away with futures, I’d blow up. Even if the parameters are perfect, they can’t save you. Now I give myself a plain-language reminder: don’t let any single order punch through your emotions. Put simply, keep your position size so small that you can sleep at night, and set your stop-loss where you’re willing to accept it—not where you’re hoping it won’t get hit.

Futures are even simpler: leverage isn’t a weapon, it’s a magnifying glass. If you end up cursing when you lose 1% in normal times, then don’t let a single “pin” cause a 10% loss.

Recently, everyone has been comparing RWA and US Treasury yield rates with on-chain yield products. Watching that also makes me feel pretty restless: the more the returns look “stable,” the easier it is to make people treat their positions like savings accounts. Anyway, I’d rather earn a little less now—staying alive means there’s always a next trade. That’s it for now.