People think I’m calm and laid-back because I can’t be bothered to check the charts. Actually, I’ve just set a “position line that lets me sleep” for myself—when it goes up, I don’t regret; when it drops, I don’t panic. Recently, when that cross-chain bridge was stolen, the oracle went haywire again and caused abnormal pricing. A bunch of people rushed in to “wait for confirmation,” but what they ended up waiting for was liquidation. Plainly put, their positions were too heavy—so heavy they didn’t even have the patience to wait for confirmation.

Friends who get liquidated in futures contracts keep shouting “I couldn’t hold it,” but they didn’t really mean they couldn’t hold—they just hadn’t figured out at all how much they could actually withstand. My own crude method: split total capital into three parts—one is staked to earn steady interest, one is kept as spot and left alone, and only the remaining portion is used to mess around. The money used for trading is treated as if it’s already gone. Paradoxically, that’s what helps me sleep better.