Sometimes the hardest part of making money on a dip is the feeling that—though you’re already on the train—you always seem like you could get snapped back down and taken out at any moment. With this $CHZ setup, when I was watching it around 0.01844, the order book never felt good, grinding away until it made me want to quit.

Later, it finally moved from 0.01844 down to 0.01673, and the short position profit showed +446.58%. That made up for the waiting from before, but I also know that not every setup you wait for will end up working out—so you can’t treat one profitable trade as a given.

For trades like this, I’m more restrained now. Especially after the drop, when a lot of people start thinking about chasing shorts, I’m actually less willing to force it in an uncomfortable spot. Missing the second half isn’t embarrassing; getting chased into a key level and then snapped back is what really hurts.

After going back over this trade, I think the main point is still not to let your emotions take over. Getting the direction right is only step one—whether you can stay levelheaded and not get carried away after you’re in profit is the tougher hurdle in short-term contracts.

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