Been diving for a long time, and seeing everyone talking again about "the rates are so extreme, it's a pity not to take the other side," I still want to chime in: I usually hide first. To be honest, when the rates are extreme, the emotions are also extreme, and the market often isn't giving you money but testing your patience... I prefer to wait until it normalizes a bit before acting. It's not impossible to take the other side, but I would keep my position very small and set my stop-loss in advance, otherwise a quick rebound/false breakout can easily turn into revenge trading with increased position size. Recently, with expectations of rate cuts, the dollar index, and risk assets all acting erratically, there are quite a few such trends. The more volatile the environment, the less I want to fight the fluctuations head-on; it's okay to take a sip of water first and do less.