"Others fear bubbles; I ride them."
You are the surfer of market euphoria. You trade narratives, believing in the 'vision' over the balance sheet. When the crowd rushes in, you are there to ride the wave to the very top. You have the strong stomach required to hold through extreme volatility.
You catch the 10x moves that logical traders miss because they think the asset is 'overvalued'. You maximize profits during blow-off tops.
Diamond handing a collapsing bubble. You often refuse to admit when the narrative has died, resulting in round-tripping massive profits.
Round-Tripping Unrealized Profits & High Watermark Drawdowns. Holding explosive runner positions through steep pullbacks causes trailing drawdown thresholds (e.g. Apex / Topstep) to lock in at peak equity and liquidate the evaluation upon retracement.
Implement a tiered partial profit-taking rule: scale out 50% at 2R target and trail the stop loss to breakeven + 0.5R. Never allow an open winning trade exceeding +2% equity to turn into a net loss.