The Nasdaq rebounded 2.8% today and ended six days of losses. Bitcoin fell 2.67% and closed July at 63,030.
If you opened a trade today because stocks were green, you didn’t follow a plan. You traded a correlation that didn’t exist today.
There’s one piece of data that explains the day better than any analysis: $9.6 billion in Bitcoin options expired. For each put there were almost four calls. Almost everyone was positioned to the upside.
That’s not the market giving you a signal. It’s an expiration that had been on the calendar for weeks.
Between those two interpretations is the difference between a planned trade and a reaction.
Fear & Greed: 35. Fear.
Did you trade your plan today, or did you trade the candle?
Educational content. Not investment advice.
#NASDAQ #tradingpsychology #bookintrade $BTC
If you opened a trade today because stocks were green, you didn’t follow a plan. You traded a correlation that didn’t exist today.
There’s one piece of data that explains the day better than any analysis: $9.6 billion in Bitcoin options expired. For each put there were almost four calls. Almost everyone was positioned to the upside.
That’s not the market giving you a signal. It’s an expiration that had been on the calendar for weeks.
Between those two interpretations is the difference between a planned trade and a reaction.
Fear & Greed: 35. Fear.
Did you trade your plan today, or did you trade the candle?
Educational content. Not investment advice.
#NASDAQ #tradingpsychology #bookintrade $BTC