Giant Whale initially set 10 major goals: after earning 100 million US dollars in profit in the previous round, it was retracted, and many orders left the market early due to fear in this round

Comparing news, Giant Whale has set 10 major goals Jason Leo posted an article this morning reviewing his recent trading experience, stating that he is re-understanding the discipline and risk control in trading.

Jason said that in the previous cycle, he achieved a profit of about 100 million US dollars, but due to long-term trend judgment, he did not stop losses in time after market reversal, and the final profit declined sharply. This experience taught him the two core principles of discipline and risk.

He said that he maintained a trend trading mentality at the beginning of this round, judged that Bitcoin's target price of $74,000 would be achieved, and believed that the period fluctuation was only an upward process. However, as the price gradually approached the target, risk awareness brought about by past loss experiences began to influence judgment, and in the end, they chose to leave the market early.

Jason said that although Bitcoin eventually hit $74,000, he was unable to continue holding it. He believes that the mistake in the previous round was excessive belief in trends, while in this round they abandoned the trend too early because they were afraid of repeating the same mistakes.

He concluded that the biggest challenge in trading was not to beat the market, but rather to get rid of the inherent perceptions formed from past experience. If experience does not change with the environment, it is essentially prejudice; if discipline loses judgment, it is essentially mechanical.