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In the last 10 days, I have cut my positions by 1 million, resulting in an account loss of nearly 40%. During this process, I indeed made several mistakes:
- Confused position management
- Confused stop-loss
- Confused breakeven settings
- Confused entry signals
- The most critical issue is that I also made frequent trading and other basic mistakes

The more I lose, the more I get caught up in it, opening more positions when losing. Besides not holding positions and over-leveraging, I basically made all other mistakes, completely falling into a state of "anchoring effect." This is a very scary state, and the main reason why the vast majority of traders suffer continuous large losses is due to becoming puppets controlled by the anchoring effect.

**Solution**
How can we make such an effect disappear quickly? Currently, I know two methods:
1. The simplest method: let the account drop to zero, completely stop trading, and the anchoring effect will disappear directly
2. The second method is to "stop": a completely calm method is to stop trading and allow myself to slowly return to the best state. During this period, I need to continuously learn from past knowledge, especially trading psychology knowledge.

**Current Adjustment Status**
- My trading has basically stopped in the last 2 days, even when I see opportunities, I have also stopped trading
- At this stage, I mainly adjust my state by writing posts, doing live streams, playing basketball, and traveling
- Waiting for specific market conditions that belong to me, reducing the trading frequency to the historical lowest point
- Maintain a "watching and not trading" state: I will not open positions unless there is a major market movement
- Refuse external interference: I remain steadfast when anyone mentions market conditions and analysis

**Thoughts on Trading Discipline**
- Although discipline is very important in trading, "waiting for opportunities" is the most difficult part
- Discipline only needs to restrain human nature, while waiting for opportunities requires resisting market temptations
- The market is ever-changing, and those who watch the market for a long time can easily be led by various market movements
- Most people cannot wait for the right market conditions, which is precisely why it needs to be cultivated.

Today's News:
1. In the past 24 hours, the entire network experienced liquidations totaling $210 million, with short positions liquidated for $154 million;
2. Loopscale: A total of 5,697,102.5 USDC and 1,215 SOL were recovered, and a 24-hour withdrawal limit is temporarily imposed on the treasury;
3. Riot Platforms: Q1 mining output of 1,530 BTC, total Bitcoin holdings reached 19,223 BTC;
4. Japanese listed company Metaplanet Inc. announced it will issue 3 billion yen zero-interest ordinary bonds to increase Bitcoin holdings;
5. The three major U.S. stock indices collectively closed higher, with the Nasdaq up 1.52%, the S&P 500 up 0.63%, and the Dow Jones up 0.21%. Microsoft surged over 7%, with the company exceeding expectations across the board in Q3 of fiscal year 2025, driven by strong growth in cloud computing. Meta rose over 4%, Amazon increased over 3%, Nvidia rose over 2%, Google increased over 1%, and Apple and Netflix saw slight gains; Tesla and Intel experienced slight declines;
6. Strategy plans to raise another $21 billion to buy BTC, having lost $4.2 billion in Q1 due to falling coin prices;
7. Tether's latest proof claims the company holds Bitcoin valued at over $7.6 billion;
8. The listed company DeFi Development Corp will receive $24 million in private equity financing to purchase more SOL;
9. USDC Treasury burned 150 million USDC on the Ethereum chain;
11. The spot Bitcoin ETF saw a net outflow of 382 BTC yesterday, while the spot Ethereum ETF had a net outflow of 1,648 ETH;
12. U.S. unemployment claims rose to the highest level since October last year, with initial claims for unemployment benefits reaching 241,000 for the week ending April 26, higher than the expected 224,000;
14. Interest rate futures expect the Bank of England to cut rates by 100 basis points for the remainder of 2025;
15. Binance Wallet: Airdropping S tokens and Sonic Chain ecosystem assets to active Alpha traders on the chain;
16. Binance Wallet announces a product upgrade, adding support for SUI exchanges, wealth management recommendations, and other features;
17. Eric Trump, son of Donald Trump: The WLFI stablecoin USD1 will be used for MGX's investment in Binance;
18. Worldcoin announces that WLD token access and all related services will launch in the U.S. starting May 1;
19. The crypto project World launches in the U.S., planning to introduce a Visa card and a Tinder pilot project. #BTC