Recently, I've been watching the liquidation line of borrowed positions, and it feels like people are most likely to be stubborn when they are three steps away from the red line: thinking "Just a little more and it won't hit me." Frankly, at this point, don't rush to predict; do what you can first: either add some margin to push the line further away or reduce your position to lower your heartbeat. Anyway, don't expect the market to take care of your emotions.

These days, the funding rate is extremely high again, and the group is arguing whether it's a reversal or just a bubble squeeze... I think at such times, it's easiest to be led by the rhythm to increase leverage, resulting in the liquidation line dropping from "three steps" to "one step." What I don't regret is: every time I get close to the line, I first reduce my position, even if it later pulls back, I treat it as paying tuition. Being able to sleep well is more important than saving face.