I’ve closed the contract interface these past couple of days… To put it simply, holding spot is difficult, and contracts keep getting liquidated. It’s mostly not about misreading the market direction, but about having too large a position and being too emotional. A simple way to manage positions: don’t let any single order break your emotional stability; only positions you can sleep soundly with are true positions, otherwise it’s just gambling.

Now some places are again talking about raising taxes / tightening compliance, and the expectations for deposits and withdrawals are changing. People tend to get anxious, and the more anxious they are, the more they want to go all-in to catch the rebound. As a result, slippage occurs, leverage is increased, and the liquidation happens very quickly. My own rough method is: every time I want to add to my position, I first calculate the worst-case loss. Only move if I can afford to lose that amount; otherwise, I’d rather miss out. That’s it for now.