Every expensive decision I've made in this market happened when I was tired.
Not uninformed. Tired.
The market runs all night, which sounds like an advantage until you notice what it means. Your worst hours are tradeable. A chart can find you at 2am when your judgement is weakest and your appetite for a quick resolution is strongest.
Nothing about the setup changes at that hour. Everything about you does.
Doesn't matter if it's Bitcoin at $86,505 or the smallest name on the board. The hour does more damage than the ticker.
Most people set rules about price and none about state. Especially the worst one, trying to win back something lost earlier that day.
When did you last take a trade you couldn't defend the next morning?
Sharing how I read it, not telling anybody what to do. Not advice, not an offer. Your decisions are yours.
#Trading
Not uninformed. Tired.
The market runs all night, which sounds like an advantage until you notice what it means. Your worst hours are tradeable. A chart can find you at 2am when your judgement is weakest and your appetite for a quick resolution is strongest.
Nothing about the setup changes at that hour. Everything about you does.
Doesn't matter if it's Bitcoin at $86,505 or the smallest name on the board. The hour does more damage than the ticker.
Most people set rules about price and none about state. Especially the worst one, trying to win back something lost earlier that day.
When did you last take a trade you couldn't defend the next morning?
Sharing how I read it, not telling anybody what to do. Not advice, not an offer. Your decisions are yours.
#Trading