The most torturous part of this trade is that after the short side appeared, the price didn’t immediately dump—it just kept grinding back and forth at high levels. When $LAB started weakening from around 4.25647, I didn’t panic and get off after a few small rebounds. After all, what truly made me bearish was the increasingly worse sell-side support after the push up.

There was a particularly vicious spike in the middle; the short positions were repeatedly yanked around. People with itchy hands probably chased in and out already. Fortunately, the price was ultimately pulled to 0.13426, and that corresponded to +1906.95%. This time, making money wasn’t about having a big stomach—it was because I wasn’t led around by the oscillation rhythm.

In the past, I often got my judgment shaken up by the shakeout too. Seeing a rebound made me doubt myself; seeing a drop made me want to chase. Now I’m more willing to focus on whether the underlying logic has changed. As long as the problem hasn’t been resolved, a brief rally can’t prove that the short thesis has failed.

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