ChainCatcher reported that whale trader Jason Leo, known as “10 big goals first,” posted a reflection on his recent trades early this morning and said he is重新理解 discipline and risk control in trading. He said he once made about $100 million in profit in the previous cycle, but failed to stop out after the market reversed, which caused a large drawdown in those gains. In the current rally, he had been expecting Bitcoin to reach a $74,000 target and viewed the swings along the way as part of the climb. As price moved closer to that level, memories of past losses pushed him to exit early. Jason Leo said Bitcoin did reach $74,000 in the end, but he was no longer holding. He described the earlier mistake as overtrusting a trend, and the latest one as abandoning a trend too soon out of fear of repeating the same error. He concluded that the hardest part of trading is not beating the market, but escaping fixed thinking built by past experience. “If experience cannot change with the environment, it is bias; if discipline loses judgment, it is mechanical,” he wrote.

BlockBeats reported on August 22 that whale trader Jason Leo, known as “Set 10 Big Goals First,” posted a morning recap of his recent trading. He said he made about $100 million in profit in the previous cycle, but failed to cut losses in time after the market reversed, which led to a large drawdown in those gains. In the current cycle, he said he kept a trend-trading mindset and expected Bitcoin to reach $74,000, treating the volatility in between as part of the move higher. As price approached that target, however, his memory of earlier losses shifted his risk judgment and he chose to exit early. Jason said the real challenge in trading is not beating the market, but escaping the fixed thinking created by past experience. He added: “If experience cannot change with the environment, it is essentially bias; if discipline loses judgment, it is essentially mechanical.”