$PIPPIN this week, to be honest, has been quite torturous.

I watched it take off from the lows, soaring all the way up 10x. Countless people rushed in at the top, while I held a short position against the trend, staring at the screen every day, battling with my own psychology.

Why dare to go short against the trend? The logic isn’t complicated. A 10x explosion in the short term is usually not supported by fundamentals, but rather by sentiment and capital inflows. Such a surge typically means that the chips are highly concentrated, and early major players have already made huge profits. Once a breakdown signal appears in the pattern, the selling pressure will be very rapid.

Currently, technical indicators have already given clear reversal signals. Retail investors who chased the top are trapped at high levels, and my short position has finally reached its profit-taking opportunity.

This kind of market is a classic emotional cycle: a surge grabs attention, FOMO pushes prices higher, bag holders get stuck, and then the capital pulls out. Set a stop loss, use a small loss to bet on a larger pullback— the risk-reward ratio is actually pretty favorable.

That’s how the market is—some people chase the rally and get trapped, while others patiently wait for the right time to harvest.