I’m itching to chase the rally—mostly because “fear of missing out” is at work. When everyone’s talking about it and the candlesticks look just right, I can’t help but want to push my position higher. Later, I learned to be wiser: before I place any order, I ask myself one question—am I adding this time based on information, or on emotion? If it’s truly information, I should at least be able to explain it in plain terms: who the good news affects, for how long, and whether there’s a risk of things turning back the other way. If I can’t explain it clearly, it’s probably just emotion.

Recently, some places have been tightening and loosening taxes and compliance in waves. To put it plainly, the biggest impact is on expectations for deposits and withdrawals. When that one string in everyone’s mind gets tight, the market’s slightest move makes it even easier to lose your cool. My approach now is: the more I want to chase, the more I only test with small moves—leaving a cooling-off window—so I don’t mistake “anxiety” for “research.” For now, I’ll leave it at that.