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The sharp drop on the 22nd was triggered by unverified rumors about the repeal of the “Genius Act.” The market sold off in an instant, and with order book lags happening at the same time, it was practically impossible to react properly.
As a result, I took a loss of $230,000. Moves like this are not common — they are rare but very aggressive one-way moves. For those without much experience in such situations, it’s natural to feel frustrated or respond negatively.
That said, this loss is by no means irreversible. A $230,000 drawdown is still an amount that can be recovered with steady trading over time. I sincerely apologize to those who copied my trades, but please understand that these rumor-driven one-way crashes are almost impossible to defend against perfectly.
For now, I’ll take a short break, watch the market closely, and resume trading when I see a solid entry point. My focus remains on preserving the overall profit curve and ensuring it continues on an upward trajectory in the long run, rather than being shaken by temporary shocks.