Just now, I noticed the funding rate soaring to a somewhat ridiculous level, and my first thought was: should I take the other side and scoop up a position? But I stopped my hands on the keyboard... Honestly, what I fear most isn't being wrong about the direction, but the volatility that swings people back and forth.

These days, expectations of rate cuts fluctuate between hot and cold, and the US dollar index and risk assets are often discussed together. The more I talk about it, the more I feel that emotions are running faster than logic. When rates are extreme, the market seems to be shouting "Get in quickly," but I, a slow-moving goldfish, would probably just bump around chaotically if I rushed in.

So I simply set a reminder and a limit: wait until the rate drops back into a certain range before looking again, and keep my position at that small size. Right after setting that, I felt pretty reluctant, like I was missing out on a big move; half an hour later, I relaxed a bit, at least I don’t have to stare at the screen until my heart races... Let’s just leave it at that for now, hiding out a bit isn’t shameful.