Zhu Su: Selling at the Top is Often More Dangerous Than Selling During a Decline; Overconfidence Can Lead to Counterproductive Actions

Odaily News According to a post by Zhu Su, founder of Three Arrows Capital (3AC), based on his past experience, "selling at the top" is often riskier than selling during a decline. This is because the excitement from successfully exiting at the peak can easily lead to prematurely re-entering positions and overconfidence.

Zhu Su further pointed out that he suspects Garrett, after earning hundreds of millions of dollars from the 10/10 event, may have been similarly affected by such hubris, leading him to take on higher risks in subsequent trades.