A new week kicks off, and $BTC is still hovering around 78,000. The community is watching for a “bounce to 79,000” while scrolling through talk of heavy ETF outflows on Friday, the midterm elections tomorrow, and Friday’s jobs report. What matters more to me than guessing the direction is whether you’ve set a hard position limit before the calendar of noisy events kicks off.
During the noisiest days last week, the worst losses often didn’t come from getting the call completely wrong, but from changing the rules on the fly: a string of outflows, everyone in the group yelling “buy the dip” or “get out,” and your hands moving faster than your brain.
As $ETH has been swinging around in this move, I’m focusing on just three practical things:
1) Set hard limits for each trade and for the week before the market opens
2) If you can’t clearly explain why you’re adding or trimming, don’t do it
3) Make rule changes after you’ve cooled off—not during the hour when the headlines are most explosive
The first chart shows the reference price action over the past 48 hours; the second is my start-of-week self-check. No bullish or bearish calls, and no telling you to go all in.
Which worries you more: getting blindsided by the elections/jobs report, or adding to your position too early? Pick one in the comments, follow each other, and I’ll post daily in this rhythm.
For discussion only; not investment advice. Contracts involve risk. Position management comes first.
$BTC $ETH
#BTC #Crypto
During the noisiest days last week, the worst losses often didn’t come from getting the call completely wrong, but from changing the rules on the fly: a string of outflows, everyone in the group yelling “buy the dip” or “get out,” and your hands moving faster than your brain.
As $ETH has been swinging around in this move, I’m focusing on just three practical things:
1) Set hard limits for each trade and for the week before the market opens
2) If you can’t clearly explain why you’re adding or trimming, don’t do it
3) Make rule changes after you’ve cooled off—not during the hour when the headlines are most explosive
The first chart shows the reference price action over the past 48 hours; the second is my start-of-week self-check. No bullish or bearish calls, and no telling you to go all in.
Which worries you more: getting blindsided by the elections/jobs report, or adding to your position too early? Pick one in the comments, follow each other, and I’ll post daily in this rhythm.
For discussion only; not investment advice. Contracts involve risk. Position management comes first.
$BTC $ETH
#BTC #Crypto
