Lately I’ve been thinking about position management. Basically, it’s a tug-of-war between “being able to hold” and “not getting carried away.” If you can’t hold your spot position, then the moment your futures position turns against you, it blows up and you get liquidated—that’s probably a common problem for many people. I’ve tried splitting my position into three parts: one part is “dead hold,” one part is for swing trading, and one part is tuition. The “dead hold” part is treated as if it’s gone—like forgetting your account password. The swing-trading part sets take-profit and stop-loss, so you don’t get greedy. And for the tuition part, if you lose, you accept it and don’t add to the position. In short, don’t put all your money on a single “feeling.”

Recently I saw the issue with NFT royalties and liquidity. Creators’ income is getting cut, and liquidity in the secondary market is also pretty fragmented. It’s quite regrettable. It feels like everyone is looking for that balance point—just like position management, where there’s always a trade-off between stability and returns. I don’t know what this round of back-and-forth arguing will end up producing, but at least for now, I’m still watching and haven’t rushed to make a move. That’s it for now—living is enough; don’t get liquidated and you’re good.