No little essay tonight.
There’s no market action over the weekend, so there’s not much to write about.
A lot of friends have asked what I think about the medium to long term.
I don’t have an opinion.
1. I only trade short-term intraday contracts. I can’t make sense of market moves lasting more than 3 days.#ETH
2. We’re in a monkey market right now—not a bull market or a bear market. We often say to trade the medium to long term in a bull market and short-term in a bear market. But in a monkey market... just adapt as things unfold.
3. Once you add leverage, you’re fundamentally in no position to talk about the medium to long term. I’ve never doubted that BTC and ETH will surge in the future, but that’s for spot trading. With long-term contract trading, you’ll most likely die just before dawn.
Most of the time, investing and trading are dull and lifeless.#BTC
Big rallies and sharp drops are the exception.
There’s no market action over the weekend, so there’s not much to write about.
A lot of friends have asked what I think about the medium to long term.
I don’t have an opinion.
1. I only trade short-term intraday contracts. I can’t make sense of market moves lasting more than 3 days.#ETH
2. We’re in a monkey market right now—not a bull market or a bear market. We often say to trade the medium to long term in a bull market and short-term in a bear market. But in a monkey market... just adapt as things unfold.
3. Once you add leverage, you’re fundamentally in no position to talk about the medium to long term. I’ve never doubted that BTC and ETH will surge in the future, but that’s for spot trading. With long-term contract trading, you’ll most likely die just before dawn.
Most of the time, investing and trading are dull and lifeless.#BTC
Big rallies and sharp drops are the exception.