A crypto whale outlines 10 key trading targets: After locking in $100 million in profits in its last round, it suffered a pullback, while this round’s long positions were exited early amid fear.

Crypto whale Jason Leo, known for his "10 big targets" approach, posted a reflection on his recent trading experience this morning, stating he’s re-evaluating discipline and risk control in trading. Jason revealed he made roughly $100 million in profits during the last crypto cycle, but due to his long-term adherence to trend-following, he failed to cut losses promptly after the market reversed, resulting in a significant drawdown of his profits. This experience led him to identify two core trading principles: discipline and risk management. He explained that in the early phase of this cycle, he stuck to trend trading, predicting Bitcoin would reach the $74,000 target and viewing the fluctuations during that period as part of the upward trajectory. However, as the price neared the target, risk awareness stemming from his past losses began to skew his judgment, prompting him to exit his position early. Jason noted that even though Bitcoin ultimately hit $74,000, he missed out on holding through to that point. He attributed his last cycle error to over-reliance on trends, while this time he abandoned the trend prematurely out of fear of repeating past mistakes. Jason concluded that the biggest challenge in trading isn’t beating the market, but shedding ingrained perceptions formed by past experiences. “Experience that fails to adapt to changing circumstances is essentially bias; discipline without judgment is essentially mechanical.”