Today I was feeling a bit itchy to chase a position again, but I paused for ten seconds and asked myself: What information do I really have, or am I just afraid of missing out on pushing my position? Honestly, most of the time it's the latter, my mind is full of "everyone else is making money, I can't fall behind," which has nothing to do with research.

Recently, everyone has been linking ETF capital flows and risk appetite in the US stock market with the rise and fall of the crypto market. My reactions have always been a bit slow... Looking at all these interpretations, I don't know which one to believe, so I just treat them as noise. If I really take action, I only do two things: reduce my position size and set a fixed stop-loss; then check on-chain or order book data to see if there's support for the "logic I think" approach. If not, then forget it—don't let emotions be your alpha.