Beyond the charts, I want to talk about something I’ve been thinking about for a long time.
There’s a lesson to be learned about the relationship between position size and emotions:
Here’s a simple way to tell whether your position is too large: if a 30% drop would keep you up at night, it’s too large. Your position size should be determined by your emotional tolerance, not by how optimistic you feel.
Take today’s $BTC as an example: currently at 83,725, up 1.03% over 24 hours. Today’s market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
Looking back, the reasons people stumble were all there in that one sentence.
I’ll talk more tomorrow.
#BTC #投资哲学 #交易心态 #Crypto
There’s a lesson to be learned about the relationship between position size and emotions:
Here’s a simple way to tell whether your position is too large: if a 30% drop would keep you up at night, it’s too large. Your position size should be determined by your emotional tolerance, not by how optimistic you feel.
Take today’s $BTC as an example: currently at 83,725, up 1.03% over 24 hours. Today’s market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
Looking back, the reasons people stumble were all there in that one sentence.
I’ll talk more tomorrow.
#BTC #投资哲学 #交易心态 #Crypto