Over the past couple of days, I reviewed my own trades and a few fiascos from the group, and I found that one plain sentence is enough: don’t take a position so large that it makes you feel you “have to hold.” If you can’t hold spot, it’s mostly because you bought too heavily—one retracement wave and your mindset detonates. Futures liquidation is even simpler: leverage + full position equals something that will happen sooner or later. The market doesn’t have to target you; it can just shake a bit and clear you out.

Now I’ve set a rule for myself: first, figure out whether I can fall asleep in the worst-case scenario. If I can’t sleep, reduce; if I can, then hold it. Don’t get itchy and add more. In plain terms, staying alive matters more than catching that one segment. Lately, everyone has been comparing RWA and US Treasury yields against all kinds of “returns” on-chain, and hearing that makes me want to compress my position size even more—no matter how steady the returns are, if there’s a delay in the price feed or a bit of manipulation, a large position will still get you into trouble. I treat complexity as the enemy: I’d rather make a little less than hand myself over in one go.