On Election Day, $BTC got knocked back below 77,000 and is hovering there. The headlines are all about IBIT’s massive single-day outflows and chip stocks dragging down risk appetite. What I care about more isn’t guessing who’ll win tonight—it’s whether you set a hard position limit before the noise got loudest.
Scary ETF outflow figures aren’t a reason to suddenly increase your exposure. When $ETH softened along with this wave, the people who took the worst losses often weren’t completely wrong in their judgment—they just changed their rules as soon as a headline blew up.
I keep it simple and stick to three things:
1) Lock in per-trade and total limits before the market opens
2) If you can’t clearly explain why you’re adding or trimming, don’t do it
3) Change the rules only after you’ve cooled down, 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 an Election Day self-check. No bullish or bearish calls, and no advice to go all in.
Which worries you more: getting hit by an election-day swing, or adding to your position too early? Pick one in the comments, follow each other, and I’ll post daily in this same format.
For discussion only; not investment advice. Contracts are risky—position management comes first.
$BTC $ETH
#BTC #Crypto
Scary ETF outflow figures aren’t a reason to suddenly increase your exposure. When $ETH softened along with this wave, the people who took the worst losses often weren’t completely wrong in their judgment—they just changed their rules as soon as a headline blew up.
I keep it simple and stick to three things:
1) Lock in per-trade and total limits before the market opens
2) If you can’t clearly explain why you’re adding or trimming, don’t do it
3) Change the rules only after you’ve cooled down, 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 an Election Day self-check. No bullish or bearish calls, and no advice to go all in.
Which worries you more: getting hit by an election-day swing, or adding to your position too early? Pick one in the comments, follow each other, and I’ll post daily in this same format.
For discussion only; not investment advice. Contracts are risky—position management comes first.
$BTC $ETH
#BTC #Crypto
