I used to misunderstand: spot trading can be held without fear of a sudden crash, and as long as the direction of contracts is correct, you can make quick profits. Now I understand that position management boils down to one thing—accounting for the "worst-case scenario" first, so that a single fluctuation doesn't kick you out of the game.

I can't hold onto spot positions mainly because the coins aren't the problem; it's that I buy too large, wanting to cash out after a small rise, and start imagining zero after a small dip; it's even worse with contracts—once the position is heavy and leverage is high, normal market jitters can lead to liquidation immediately, with no chance to correct mistakes. Recently, everyone has been repeatedly talking about staking unlocks, token unlock schedules, and the anxiety of selling pressure... When I see these kinds of events, I just tighten my positions again, rather than risking holding through and losing control emotionally. Anyway, surviving longer is better than anything else.