To be honest, I regretted it as soon as I reduced my position;

Reduced positions.

 

Pull up the market, but no narrative. It is more like an emotional release after the depression for a period of time after the plunge on August 5, when Powell clearly stated that interest rates will be cut.

 

Of course, it is impossible to clear the positions, and the Bitcoin and Ethereum positions have not moved.

 

❚The profit part of the reduced positions is used to offset the cost of the positions and reduce the risk of the positions. To prevent the cottage from falling sharply next time.

 

❚Today and tomorrow, pay attention to whether Bitcoin can stabilize. If it stabilizes, some cottages may continue to rise next week.

 

❚Next month, focus on the non-agricultural data on September 6, mainly the unemployment rate. And the Federal Reserve’s interest rate decision on September 19. (The beginning of the interest rate cut is a reversal of monetary policy, which is a directional positive, but the positive landing does not rule out the possibility of a short-term decline.)

 

Finally, let’s talk about my own psychology. Brother Feng is actually a little contradictory here, and it cannot be ruled out that the market will go up from now on. However, after August 5 and before Powell's speech, Brother Bee's rational plan was to wait for an opportunity to reduce his position. The rise from last night to now has indeed affected emotions, so in the end, it was still executed according to the original plan.

 

No investment advice, just record your own trading plan so that you can rationally execute the plan when emotions interfere.