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Sometimes in a falling market, people regret it most easily—not because they didn’t understand, but because they only think about chasing after the move has already started. $SIREN is the same this time. When it was ranging around 0.04002 beforehand, no one was in a rush; but once it actually started moving down, suddenly everyone started looking for a place to jump in.
This trade of mine is a bit more tightly timed in advance—I caught it while it was still absorbing pressure at the high, and didn’t wait for it to drop further before chasing. Later, the price hit 0.02668, and the unrealized profit showed +817.39%. The result is good, but during the process there were also a few times I wanted to take profits early.
If you’ve been in crypto long enough, you know that when short positions are making money, you have to guard against your own greed even more. The smoother the decline, the easier it is to feel like it can still drop for another stretch—until a bounce snaps your mindset off course.
So now I won’t randomly add extra moves just because one trade worked out. If you have a position, first look at the protection level; if you don’t have a position, don’t force your way in. Missing out isn’t a loss—only taking the wrong final baton will feel truly awful.
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