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I recently set a very basic rule for myself: if I can't hold the spot position, I shouldn't force a long-term hold; if my contracts keep exploding, don't blame the "needle." To put it simply, position management is just plain language—only keep the money that allows you to sleep peacefully in the market.
On the spot side, I separate "those I want to hold for a long time" and "those I want to sell because I don't like how they look." The former I hold with minimal moves, the latter I try small positions for trial and error—don't doubt yourself entirely just because of a dip. Contracts are even simpler: only hold that small portion I’m willing to risk to zero without affecting my life, and think about where to admit defeat before entering, so I don't add drama to myself on the spot.
Recently, there’s been a flood of guesses about testnet points and whether the mainnet will airdrop tokens. I get tempted too, but no matter how tempting, don’t let emotions amplify your position… Anyway, survive first; opportunities will come in different forms.