I muted several group chats today, and finally I have time to go through my positions properly.

How should I put it? In the past, I always thought that “holding on” was faith, and “taking profit and cutting losses” was discipline—but every time there’s a sudden pump or a brutal crash, I still get panicky. Later it clicked: it’s really just one sentence—**before anything else, think about whether you can accept this money going to zero; if you can, then decide how much to buy.**

Forget whatever technical or macro news there is—human nature is that when prices are rising, you want to chase, and when prices are falling, you want to cut. Especially those recent waves involving cross-chain bridges being stolen and oracle anomalies—so many people were waiting for “confirmation” before acting, and the moment they waited, it blew up. To put it simply, position management is about keeping yourself alive: less checking group chat info, and less anxiety.

Anyway, I’ve split my positions into three parts: one is spot for the long term, one is flexible and able to move quickly, and one is something I wouldn’t mind if it ultimately went to zero. That’s it for now—slowly, step by step.