Suddenly figured something out: position management in plain terms is—don’t treat yourself like a gambler, and don’t treat yourself like you’re just going with the flow either.

If you can’t hold spot, it’s because you keep thinking, “What if it can still go up?”—then when it pulls back, you end up cutting. As for getting liquidated on futures, it’s because you keep telling yourself, “This time is different”—and you only wake up after it blows up.
The point is: before you enter, think it through first—are you putting this money in to hold for a week or for a year? Are you betting on direction, or riding out the swings in volatility?
For me, I’m only doing two things right now: keep enough for living expenses, and the rest I’ll test with a light position—take it slow and let it play out.
Recently I’ve been watching what’s going on with NFTs, where the royalty debate has been getting pretty heated, and secondary liquidity keeps getting worse and worse. But honestly, it doesn’t really have much to do with small retail traders—either way, we probably don’t have many people who can actually get involved in that mess.
That’s it for now—people who’ve really taken a beating, here’s at least a real sense of it.