Last night I saw the group chat circulating that screenshot again about the stablecoin reserve audit. To be honest, after seeing this kind of news too many times, it really makes me feel worn out. In the past, I would follow the panic, but now I think that rather than guessing whether it will de-peg or not, it’s better to first manage your own position size. After all, liquidation doesn’t really matter—position management boils down to one sentence: only a position you can hold is a real position; anything you can’t hold is poison.

I’ve made this mistake myself too: when the spot price went up, I couldn’t hold—then the moment I sold, it flew. And when I tried to hold on in the futures, I got liquidated. Later I figured it out: your position has to keep your mindset comfortable before you can talk about anything else. It’s not for everyone to hurt yourself and others at the same time—anyway, I can’t do that. Talk next time.