That liquidation line in lending—I’m watching it more diligently than the K-line… When you’re about three steps from the red line, to be blunt, don’t try to be tough: first, figure out your position clearly; if you can, cut it a little—don’t expect a “come back and surge” kind of plot; second, top up a bit of collateral, but don’t go all-in—keep a little liquidity so you can breathe; third, I’ll set the reminder threshold earlier—getting a phone notification is better than doing a post-mortem review.

Recently, people have been talking about social mining and fan tokens again—attention-as-mining sounds pretty cool, but what I’m more afraid of is having my attention pulled away, and then forgetting that my position is already close to the line… Anyway, liquidation isn’t about emotional value; it’s only about execution. That’s it for now.