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What's truly unsettling is that $crcl , such a good stock, actually got another chance to open at the opening price?
Looking back at my emotional journey, making money is really not easy:
1. Built my position above 60, wrote 9 articles in a row. At this point, I felt there was nothing I didn't understand or needed to learn more about regarding this target.
2. From 60 to 90, it started correcting. I kept buying on the way up, averaging around 72. When it dropped to 75, due to my extremely large position size, I followed crypto-style risk management and reduced to a comfortable position I could hold long-term.
3. During the decline, below 60, I started buying back in — at this point fear was still heavy, the market was full of curses and mockery, with lunch becoming the focus of ridicule. Multiple articles questioning why they weren't bullish on CRCL started appearing.
When I bought in, because I understood, I thought okay, what you're saying could also be right. It really could drop to 30. But the fact that Duan Shen went heavy on Apple and it dropped 50% always stayed with me, so I was very lenient with my own risk management. If it drops 50%, it drops 50%, I'll buy.
Actually, my decision at 66000 to finish my Bitcoin position was the same thinking — you all say it will go to 30k, so 30k it is, I'll buy first. Simple solutions for simple people.
I actually experienced this entire scenario once with HYPE. I was very bullish on HYPE, went heavy in the 20s, it approached 40, then fell back. I reduced around the original price. Later at 13, the market was also very pessimistic, everyone thought there was a 50% chance, but I thought that was enough, so I bought back too.
But the tragic script is the same as with HYPE — identical script: whether HYPE or CRCL, the new position I bought back wasn't as large as before. While not small either, if you calculate absolute value, holding without moving would have made the most.
But I see it from several angles:
First, my cognition can only handle this much. Any more and it becomes gambling with my life. If I'm going to gamble with my life, eventually I'll lose once.
Second, I've achieved the highest proficiency with my approach of absolutely not losing principal, so I exit smoothly and enter decisively — very hard to truly get shaken out.
Overall, not perfect, but I've learned to be content.