This time $RE reminded me of those orders from before that got washed out of the car. One spike up and then one pull down at the top, and a lot of people started thinking the short would be over. I wasn’t completely panicked either at the time—just that 0.71099 was being held down there, so I kept watching to see if it would try lower.

Later, the market moved from 0.71099 down to 0.53462. On the short side, the profit shown was +490.01%. The result felt great, but the process was anything but smooth—especially after there was unrealized profit; every rebound felt like it was testing human nature.

My most common problem used to be this: once there was a little profit, I was afraid of losing it, so I got out early. Then when it truly dropped, I wanted to chase again, and in the end my timing was completely messed up. This time I was able to hold on mainly because I thought ahead about where it would be wrong and I’d exit, and where it hadn’t broken yet so I wouldn’t move around.

Winning trades also need to be treated like ordinary trades. Don’t suddenly think you “really understand” just because the P&L is green on the screen. For me, first preserve your cost, then talk about the bigger picture—this is way more real than just saying you’re firm.

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