Just finished lunch and started checking the chart—back in the screen, the red was even more striking than the food. When the intraday drop happened, $CFX first pretended to stabilize, then after several failed attempts at a rebound, it still couldn’t reclaim the level. The downward pressure above remained obvious; trading volume was low. Trying to push higher didn’t have enough support behind it. This kind of rally looks lively, but in reality it’s more like making room for the shorts.

Before I’d even fully started on the chart, I kept an eye on CFX. When the price approached 0.05811, I executed and opened a long. It wasn’t a spur-of-the-moment decision because of the selloff—it was because I first assessed the rebound quality. Now the price is at 0.04663, and the backtest profit is +953.87%. This time, the short position closed out cleanly.

When it’s time to take profit, take profit. Close 80% first, keep the remaining 20% for a bit of flexibility, and move the stop/protection level up to around the cost basis. If it continues to drop further, let the profits run; if there’s a rebound, don’t let the gains turn back into a critical level again.

Risk control done upfront is called being rational. Cutting after you’ve already lost is called a soldier’s brave severing of the arm. Chasing losses downward can also easily get trapped by a rebound. If you haven’t entered yet, don’t rush—wait for the next move after confirmation, and remain calm, waiting for good news.

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