This morning I checked on-chain data again and also saw a complete mess. Last night, a fellow trader posted a share: spot positions couldn’t be held, but the futures got liquidated—over and over again. I actually feel a lot about it, because I used to be like that too. I always thought I could catch that “perfect swing,” but in the end I got slapped in both directions.

To be honest, position management—plain-language version—is: don’t put all your savings in, and don’t let every move in price lead you by the nose. Later I forced myself to do just one thing: before placing an order, think through, “If this trade loses, can I accept it?” If I can accept it, then I enter. Otherwise, even if the on-chain signals look good, I’d still feel uneasy in my heart.

Recently, meme rotation has been too fast. Celebrities are calling trades one wave after another, and new users always want to rush in to catch the last baton. As for me, I only watch on-chain cold-start signals. I’d rather miss out than get trapped. To put it bluntly, being more obsessive can actually help you last longer.

What about you—have you felt that being “only focused on xx” is too extreme, and in the end you end up at a loss? 😂