Me watching $BTW sit in a -$2,565 floating loss while everyone thinks the short is finished 😭
Yeah… this position is ugly right now.
But this is exactly why I keep saying position size matters more than confidence.
$BTW is still doing what I thought was possible squeezing shorts higher and giving buyers more hope around the $2 psychological area.
I’m not changing my whole view just because the trade is temporarily red.
The move I’m watching now is a possible final push into roughly $2.00–$2.18, and after that I want to see whether the structure finally starts breaking down.
My bigger downside idea is still there.
But one thing is important: conviction doesn’t mean risking your whole capital. A good analysis can still have bad timing.
Right direction with bad risk management can still destroy an account.
So yeah… for now, this is literally me watching $BTW 😭
Thesis still alive. Ego not involved. Risk under control. Now let the market prove me right or wrong.
Yeah… this position is ugly right now.
But this is exactly why I keep saying position size matters more than confidence.
$BTW is still doing what I thought was possible squeezing shorts higher and giving buyers more hope around the $2 psychological area.
I’m not changing my whole view just because the trade is temporarily red.
The move I’m watching now is a possible final push into roughly $2.00–$2.18, and after that I want to see whether the structure finally starts breaking down.
My bigger downside idea is still there.
But one thing is important: conviction doesn’t mean risking your whole capital. A good analysis can still have bad timing.
Right direction with bad risk management can still destroy an account.
So yeah… for now, this is literally me watching $BTW 😭
Thesis still alive. Ego not involved. Risk under control. Now let the market prove me right or wrong.