When I get the itch to chase a rally, I now pause for ten seconds first and ask myself: Do I have information, or am I just being driven by pure emotion pushed by the candlestick pattern? To put it plainly, those who truly have information wouldn't only tell me at the moment I see a surge.



Recently, a bunch of people interpret on-chain large transfers and unusual activity in exchange hot and cold wallets as "smart money." I also look at it, but I don't dare to treat it as gospel. Large inflows into exchanges don't necessarily mean a sell-off, and outflows don't necessarily mean a rally. Many times, it's just preparing for address changes, rebalancing, or front-running, which might look like a script from the outside but could actually be quite boring.

I thought that watching the distribution of holdings and cost basis could help me control my emotions, but I still wanted to add more when I saw continuous upward movement... In the end, I only added a very small position, and the next day's pullback gave me a lesson. Anyway, I now prefer to miss out on a move rather than get caught in liquidity at the emotional peak. That's how I’ll proceed for now.
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