Live streaming has been about reviewing everything since it ended. Actually, the long position at 703 was fine, even if I was wrong, I would just cut my losses. Not every trade was correct; I was busy all day and didn’t eat. After eating, I didn’t see the 707, but if I had, I would definitely have set take profit and stop loss.

That’s why it’s crucial to stay calm and focused when trading. Another issue was falling into the trap of adding to spot positions, which I need to change—I shouldn’t add; if I’m wrong, I need to admit it! Usually, I analyze the market for 1-2 hours, prepare everything, and then start trading. Today, I only analyzed while live streaming, which affected my focus. Fortunately, I made two more longs later, which recovered some profits.

Later, I didn’t stubbornly hold onto my longs because I realized the signals were no longer right. I wouldn’t panic just because Bitcoin drops so much; I’ve been through several cycles. I’ve seen Bitcoin drop more than 80%, and I’ve survived. What’s a drop from 42,000 to 15,400? A complete wipeout!

What I need to do is focus on my position distribution. Having gone through multiple bull and bear markets, I know that in a bear market, the most important thing is to see who holds the most oil (liquidity). When everyone is trapped at the top, cutting losses, adding margin, and closing contracts, holding a lot of oil (liquidity) is a blessing. I’ve been burned before, so I always keep that in mind. I carefully analyzed Bitcoin’s trend; Ethereum, Solana, BNB are about to bottom out. I’ll wait for confirmation of the bottom. If the price drops, let it drop. Spotting the bottom signal is the most important. I didn’t pay attention to this before, but now that it’s falling, I need to start watching.

I’ve written about bottom signals before; you can review those articles. Contract trading is very risky, so I don’t take trades blindly, don’t call trades, and I don’t teach contracts. Always set stop-losses. During live streams, Bitcoin was still at 70,000; now it’s around 63,000. It’s smooth like a bull market’s rapid rise.

I share that as long as you dare to follow, you will have days of losing money. Just be mentally prepared. Many people get trapped and then say, “I’m done trading,” as long as they can recover their principal. But in reality, everything starts from within. Why not think about the risks before stepping onto the trading table? Once you lose, it’s often too late to say anything.

Winter has arrived as expected, but spring will follow. Prepare well for winter to survive and welcome the rebirth of the earth. As snow melts, life will flourish everywhere. I hope we can get through the cold winter together and embrace a bright future. Live well.