When it comes to lending and borrowing, I usually stop when I'm three steps away from the liquidation line. I don’t add to my position or be stubborn; I first cut my position and leverage from "want to make more money" back to "don't die first." Basically, I first assess whether I can accept being kicked out by the system; if yes, I stay relaxed, if not, I top up the margin or reduce my position—one of the two. Don’t wait until on-chain alerts go off before calming down... by then, your hand trembling when you click confirm.

My mom just asked me, "Is your liquidation like mortgage default?" I said pretty much, except that banks can still call you, but on-chain, they won’t coddle you.

Recently, a bunch of people have been talking about testnet points and not issuing tokens on the mainnet. They say casually, "Just for fun," but their on-chain actions are faster than anyone’s, and their collateral is almost pressed into paper. Anyway, now I see words like "stable" and "high probability," I instinctively check the liquidation price—it's quite a cure.