You can't hold spot, and your futures get liquidated—plain and simple: you never decided where this money's "funeral" is.

I've seen too many people get itchy when spot goes up 20%, wanting to rotate positions, or open 5x leverage thinking "this time is different." Signals? The only one I watch is the liquidation price—not afraid it won't come, afraid it arrives too conveniently. Lately, social mining is all the rage, people glued to KOL token launches, using attention as a mining rig. To me, it's just another form of leverage, except the liquidation is on your time.

My approach is boring: before opening a trade, I write down three numbers—entry, stop-loss, and a position size that won't mess with my sleep even if I really lose. Put it on paper. Don't change it.