Just performed the same routine in front of the candlestick chart again: when spot prices go up a little, I want to run; when futures drop a little, I want to hold on; in the end, either I miss the opportunity or get liquidated, and the reverse indicator is working for me...

Honestly, position management boils down to one simple rule: don’t use the “money you can’t sleep at night” to gamble. Only the funds you can leave untouched for three days are suitable for spot trading; as for futures, don’t pretend to be a tough guy—think clearly beforehand about the maximum loss you can tolerate, accept it when it happens, or the market will help you accept it.

Recently, there’s been a lot of people watching large on-chain transfers and the movement of hot and cold wallets on exchanges, shouting “smart money is coming/has left” every time there’s a move. I see it too, but I just treat it as gossip… I’m the kind who always gets it wrong when I follow, so I’d rather keep my positions small and stay alive first.