It's really difficult to hold back in a bear market. The day before yesterday, when $ETH surged to 3178, the FOMO in my heart was almost uncontrollable. But I set my target at above 3450 before considering shorting, so I held back. Now it has dropped to 2877, and honestly, I feel a bit regretful—this kind of feeling is the easiest way to lose your mind, I just want to slap myself twice.

But think carefully, this is the hindsight bias. Looking at it from another angle: what if I had really shorted at that time, and the price reversed and went up 300 points? My 6x leverage liquidation line is over 3500, and based on the current market, breaking above 3500 isn't unlikely. So waiting on the sidelines was actually the clearest decision at the time.

In trading markets, surviving is a million times more important than making money. Your principal is the chip that keeps you in the game; protect it well, and opportunities are everywhere. I believe this correction will likely test above 3500 again, as history in 2021 shows—financial markets are just cycles, repeating over and over.

The most prudent approach now is to be patient and wait until above 3450 to start building short positions in batches, while keeping the liquidation price above 4000. This way, you can participate in the trend without being wiped out instantly.

I've been in the crypto space for over a year now, starting from trading stocks in middle school, and I've suffered quite a few losses along the way—from spot trading to high leverage, going through several liquidations before I started to understand the game. I will often share my trading notes and ideas later, hoping everyone can discuss and learn together, because this market needs mutual alertness. Thanks for everyone's patience👏