The longer you trade, the more you realize that patience is the most underestimated edge. In a market with big daily fluctuations, the hardest part isn't predicting the direction, but resisting the urge to act. Every day, people ask, "Can I enter now?" But most of the time, the correct answer is "No, wait longer." Being able to stay out of the market and resist the itch to trade is far more valuable than catching one or two rebounds. Those who last in this business win by making fewer mistakes, not by trading more. Don't mistake boredom for a reason to trade.

A big short squeeze wave is happening, and the hottest topic in the group is flipping "catch-up leaders"; as soon as a big bullish candle appears, everyone immediately goes all in chasing it. To put it bluntly: when mainstream coins are being force-liquidated by shorts and pushed up, chasing altcoins for catch-up gains means you're not betting on value, but on not being the last one to take the bag. What retail investors love to do most is to get on board just as others are about to get off, proudly calling it "can't miss out." Missing a rally won't bankrupt you, but chasing leverage at the peak will. Slow down, there aren't that many "last chances."

$BTC slid back from an intraday high of 79,600 to 77K, and many people on the timeline are debating whether to short or go long. My usual answer is: neither. This kind of high-level consolidation after a pulse move is the most likely place to get hit from both sides—going long at the peak, or shorting and getting caught by residual short squeezes. To put it in poker terms, this hand is in a bad position with a big pot; the optimal play is often to fold and wait for a better hand. The real opportunity is to wait for a clearer direction, rather than burning through your bullets prematurely during the volatility.

Many people ask me if I've "turned bullish." No. I've just changed the way I express my position — previously betting on a decline, now accumulating some spot assets I understand at relatively low levels. Directional judgment and position tools are two different things: when the expected drop has mostly played out, stubbornly holding short positions is just fighting with yourself. Low frequency, large bets, and confidence to go heavy when sure, but once the logic is complete, decisively switch to a different expression. Positioning is not a belief; don't fall in love with a story that's already been told.

The professor's special skill honed during the bear market saved me from another disaster

Big Brother Machi (@machibigbrother, 0x020...5872) was liquidated nearly 500 times, turning $152,000 into $12.72 million in 3 days, with profits exceeding $12.5 million

Going long feels really good, bought $ETC $ASTER with a floating profit of 10%

Sun cut is dangerous!

A whole week of short squeezes, and many of those taken out were people whose "direction was actually correct." Their bearish logic might not be wrong, but their position sizes were too large, stop losses too tight, and timing too early—the catalyst hadn't materialized yet, and they were forced out by a sudden spike. This is the most expensive lesson at the table: you can read your opponent's cards correctly, but if your bet size is wrong, you'll still lose all your chips. Direction, position size, and timing—all three aligned is what counts as a win; if only one is right, the market will teach you a lesson. In this kind of vertical move now, it's not shameful at all to just watch the show empty-handed.