Position management, put bluntly, is just one sentence: don’t force yourself into a situation where you have to be right.

I’ve seen too many people get panicked and sell at the bottom when spot drops by 15%, while futures can “hold” until it gets taken out and you get liquidated. What’s the difference? On spot, you go all-in with full size—your mindset isn’t any different from futures. It’s still a gamble. On futures, you set 20x leverage, and in reality the volatility is no different from the all-in, single-coin swing on spot—the only difference is that the numbers are smaller, which makes you think you’re “managing risk.”

Recently, the talk about unlocking selling pressure being used to scare people every day is the same thing. You already know there’s selling pressure, but if your position is so heavy you can’t even sleep, then that information is noise to you—not a signal. Survive first; only then does information have value.

My current rough method: for any trade, if it goes wrong, just treat it as if it’s gone. Don’t add to your position, and don’t calculate your average cost. After all, after watching the chain for a long time, the most certain thing is: “I don’t know.”