If you are currently in cash with no position, no spot holdings, no long positions, and also no short positions being held.
Then the best approach is to wait. Right now, the risks of going long and going short are both extremely high—it’s purely gambling. If you win, you get the glamorous outcome; if you lose, you end up doing hard work.
Whenever you open a position, you must open it at key levels; otherwise, getting trapped will distort your mindset. When people do things like holding positions, adding against the trend, and opening trades randomly—those kinds of shady moves—your account can be cut in half instantly, or even go to zero.
Never force yourself to be constantly in the market. Being in cash sometimes lets you see the market’s subsequent direction more clearly.
If you are currently holding a short position, then you definitely hope this round of upward move is a tease, a trap, a fake—maybe even hoping for one final drop.
But that’s not wrong, because the essence of people is that their position determines their stance.
Then the best approach is to wait. Right now, the risks of going long and going short are both extremely high—it’s purely gambling. If you win, you get the glamorous outcome; if you lose, you end up doing hard work.
Whenever you open a position, you must open it at key levels; otherwise, getting trapped will distort your mindset. When people do things like holding positions, adding against the trend, and opening trades randomly—those kinds of shady moves—your account can be cut in half instantly, or even go to zero.
Never force yourself to be constantly in the market. Being in cash sometimes lets you see the market’s subsequent direction more clearly.
If you are currently holding a short position, then you definitely hope this round of upward move is a tease, a trap, a fake—maybe even hoping for one final drop.
But that’s not wrong, because the essence of people is that their position determines their stance.