This week, the market is pretty lively too. BTC went from 75k up to 80k, then got pushed back down, and after that rallied again. Every few thousand points, the price swings up and down continuously, and both the long and short sides have people getting their accounts wiped. Scroll through the comments for a round—some people brag about profits, some curse, and some pretend to be dead. Every weekend is pretty much the same.
As for me, this week I almost didn’t do anything. I’m still holding Spot. I only used a small amount of capital to make two swing trades and earned a bit of money for groceries. In the past, when I met markets like this sideways one, I’d probably jump in every day, and if I didn’t trade for a day, I’d get itchy. But now I don’t feel that way anymore. I’m older now, my guts are smaller, and I’ve come to understand that some coins aren’t meant to be chased or forced to make money.
Many people ask me what direction the market will take next week. To be honest, I don’t know.
I’ve been trading for years, and the more time goes by, the less I dare to predict. I used to think I could spot the trend, and then the market would just swing around and slap me in the face. I thought it would definitely drop, and it would go on to rise just to show me.
In the end, I realized that being right about the market a few times isn’t that impressive. What’s truly skillful is being able to survive in this market for 5 years, 10 years. As for next week—let’s think about that next week. Tonight, just enjoy a good meal and go to bed a little earlier.
Tomorrow the market opens, and a new week begins again.