The most despairing moment in trading is not the instant your account gets liquidated. What truly suffocates you is when you start to doubt your ability to make the right decisions.

Take $CLO as an example. The technical analysis justifies an entry, the plan is clear, but you hesitate. When you finally place the order, you catch a small rise and then exit, only to see the price skyrocket afterward. Watching the trend, your heart sinks. You chase after it, but the market begins to fluctuate back and forth, repeatedly piercing your stop-loss line, and your mindset collapses instantly.

At this stage, many people's self-doubt begins. No longer blaming the market or the whales, they start questioning themselves: Am I really not suited for trading? Is my understanding insufficient? Why can others around me consistently make money, but I keep losing?

The most terrifying part of this doubt is that—it's silent and insidious, eroding you gradually. You start frequently changing your system, randomly adjusting strategies, and impulsively making trades. Profitable positions that you could have held are now hurriedly closed; losing trades that should be stopped are stubbornly held onto. Every decision overturns the previous one, and your confidence is worn down to nothing.

But you might not have thought about this: those who have come this far have already eliminated the retail traders who rely solely on emotional gambling. The real watershed is never at the moment of win or loss, but during long periods without positive feedback—can you still maintain your rationality?

In trading, nothing is to be feared except losing trust in your own judgment.

If you're stuck at this hurdle right now, don't rush to recover your losses, and don't rush to prove anything. Slow down, pull out your trading records, review each trade, identify patterns, and make adjustments. Endure this period of doubt, and you'll find that truly stable trading actually begins right here.