Recently I’ve read a lot of posts and found that many people are genuinely interesting: they can’t hold spot positions, take a light position, run when it’s up 10%, and then look back later to find it doubled—broke their knees; as for perps, they either stubbornly hold until liquidation, even though they set a stop-loss—just a minor pullback in the middle and they manually close it, and in the end it goes to zero. To put it plainly, position management isn’t that complicated: in plain human language—if you don’t know how much you’re willing to lose on this money, don’t touch it. Anyway, my crude method is: per trade, risk no more than 2% of total capital; once the stop-loss hits a 1% loss, I exit—just stay alive first, then talk about the rest.

As for those people arguing all day about NFT royalties and secondary liquidity, daily trash-talking who’s right and who’s wrong, I can’t be bothered to judge. But there’s one thing that’s pretty real: when the market is cold, if you don’t have ammunition, no matter how bullish you are on a project, it’s useless. If you over-leverage your position, you can’t even wait for a chance to buy the dip—let alone anything like royalty income. A bear market is like ice; all the action is under the water. At our level, let’s stay alive first.