The problem with most people is that they come up with bearish thesis and hindsight posts on even a 3-4% flush

And then they talk about incredible strength on the way up

The reason people don’t celebrate ATHs anymore is because that’s their entry

My PnL in % terms is not great simply because I take profits on the way up and I only buy dips. I never take a long position, not even intra-day on $BTC until it is at least 3-4% down from ATHs

If you follow my ideology, you might not 100x your portfolio in one day. But you will also never lose it in one day, and your PnL curve will grow in a smooth manner rather than rapid one

(Below is a sample from a few of my back tests and live tests running multiple strategies. Red is actually closest to my portfolio curve given that I primarily thrive in ranges and take a couple of large losses during trend changes then back to slow grind up, occasionally also position right for range break and then that gives us a spike up)