On a headline day, hedge your risk, do not chase the headline. 📚
CoinDesk noted on 2 November that Bitcoin and Ethereum futures open interest held steady while options volatility for 4 November jumped, which means traders were buying protection on positions they already held, not placing fresh directional bets. 💡 My method for today is simple. First, keep size small until the result is confirmed, because the first move often reverses. Second, use a real stop loss on every futures position, no exceptions on a volatility day. Third, decide your levels before the headlines, 76,303 below Bitcoin and 77,966 above it, and do not move them in the middle of a spike.
Today, do you trade small with a stop, or sit flat until the headlines settle? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
CoinDesk noted on 2 November that Bitcoin and Ethereum futures open interest held steady while options volatility for 4 November jumped, which means traders were buying protection on positions they already held, not placing fresh directional bets. 💡 My method for today is simple. First, keep size small until the result is confirmed, because the first move often reverses. Second, use a real stop loss on every futures position, no exceptions on a volatility day. Third, decide your levels before the headlines, 76,303 below Bitcoin and 77,966 above it, and do not move them in the middle of a spike.
Today, do you trade small with a stop, or sit flat until the headlines settle? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
