After reaching a new high in BTC, the contract with SOL is being reviewed Just two words, emotion and structure After the previous BTC surge, I chose to do sol, and if I made a mistake, I would stop the loss to avoid the collapse. But what is the result? If it is possible to make a profit by carrying on or adding margin extension, and the profit is not bad, but in the process of carrying orders..... Hey. But then there are the two words mentioned earlier, emotion and structure. emotion From August 15th to 16th, I was originally short selling. Why? Because I fell in the previous two days and ended up losing money while short selling, so I immediately changed my strategy and went long. It happened to be an upward trend until the 17th, and it was very satisfying to go long. However, due to my emotions, it could even be said that the market was bullish. I continued to go long, and then on the 18th and 19th, the market fell. My initial opening price was around 189.9, and then on the 18th, my friends knew that it kept falling. So I filled the position until the opening price became around 185 US dollars, but the price continued to fall. In the end, I stopped loss and left. Then I thought that there would be a downward trend and it could continue to fall, right? I went long at around 182 and immediately made money. The next day, I broke through around 185 multiple times. I thought about taking profits and leaving, but I was greedy. I opened at 20 times, and I remember the liquidation price should be around 172. Later on, it kept falling and didn't go up. Forget it, I ended up losing money and leaving. But on the 20th, made， It has reached 187. Yeah, it can be profitable to carry it, and it can be a lot more profitable. Then I reflected on myself. As someone who reads URPD data every day, I shouldn't have structured market trends. How can I follow the price K-line sentiment? I'm very clear about the macro and data grid ranges. How can one go bullish when they rise and bearish when they fall. When I structured, I was very clear that SOL fluctuated between 176-190 in combination with the k-line or urpd data. If there was a positive, the market sentiment would immediately dominate and immediately rise. What could determine the market sentiment was Lao Bao's speech on Friday evening. Before his speech, BTC SOL was falling. I also knew that Trump would not say anything very hawkish. In addition, in the afternoon of Friday, SOL had been probing around 176, at least 177 at that time. I wanted to do more. Seeing this, let's take a look at SOL's highest price of 211 today. Do you think I'm making a lot of money. No. I told Ni Da @ Phyrex-Ni at that time that I didn't have many open positions, so I did make some money, but not much. Because structuring is also a concern for potential issues. What if it goes down, right. The market is always right, it cannot develop according to my own ideas. Belonging to timidity. Belonging to... What do my friends think this is. Because my structured inventory has been breached before. structured Here, we're going to talk about BTC. Ni Da @ Phyrex-N has advised me before. Do you remember before BTC fell below 100000, which was the lowest around 98000. At that time, the price had rebounded a bit, and I thought there were problems with the environment, coupled with immediate tariffs and other factors, causing the price to rise by more than 100000 yuan. I shorted it. Then on June 23rd, the price rebounded by around 105, and I was forced to take on the orders. In the following days, the price continued to rise, and I even made up for the position. I remember my opening price was around 1038, and the lowest drop in the following days was 105. At this point, my losses were actually not much, I was almost there. But I think I want to recoup my investment, so I won't leave and continue to carry on. My liquidation price is around 116. I thought at the time that I shouldn't have reached this position. There's no reason to go up, even if it's not that fast. My judgment was not wrong, and I will definitely have a chance to go down. So I've been carrying it all along, after all, in early July, tariffs, what else? I've forgotten now because I feel structured and it won't be so easy to go up. The result was a further expansion of losses, which later exploded and ended. Then Ni Da asked me for the result, and I said it was explosive. Ni Da didn't say anything, because we both knew the logic from the beginning, it was up to my own operation.. Basically, that's all for the two points, as a record of my own thoughts. As the saying goes, rising is bullish, falling is bearish is not correct. I won't put down the picture. Overall, I have earned a lot, but I have also suffered a lot of losses. Don't laugh at me, I'm not a god. Actually, after experiencing these things, I am also thinking about how to ensure that I earn more and lose less. How to be strict with oneself in operation. Especially whether or not to take on orders, this is indeed a problem. I think strict discipline is still necessary. There are many opportunities. If you need to take profits, you have to go, and if you need to stop losses, you have to go. And there are many opportunities. For example, in recent days, starting from the 17th, there have been several instances where the spot price of Sol has fluctuated by more than 7-10 US dollars. However, if we seize one or two opportunities, the returns are actually quite good. Another thing is that I only play BTC SOL, and I play very little ETH. There are actually very few black swans in the market, only a few times a year, in single digits. But other knockoffs are different. I think my friends should understand what I mean, what I mean is structured. As for rising and falling, it's bullish and bearish. In fact, let me talk about my personal understanding of on chain data and macro level. Taking BTC as an example, only those who are close to the very powerful layer or the top market maker in this world will not look at the ups and downs and take a bearish view. Other people are like this, no matter how much capital you have. Let's see how I understand it personally. The above is purely a record. If there is any similarity, it is purely a coincidence. Not as investment advice. Have a nice weekend, my friends