There's a cost here that never shows up in your PnL, and for a lot of people it's the biggest one.
Attention. Sleep. Being present with people while a chart runs in the back of your head.
Nobody counts it because it isn't in dollars. But it compounds, and plenty of accounts that finished the year up belonged to someone who finished the year worse.
Somebody holding Bitcoin at $83,400 sized properly forgets about it for weeks. The same person with too much of a smaller name checks every hour, and that has nothing to do with which asset is better.
A position sized right should be forgettable. If yours isn't, the market already told you something.
Is your size letting you sleep?
Sharing how I read it, not telling anybody what to do. Not advice, not an offer. Your decisions are yours.
#Crypto
Attention. Sleep. Being present with people while a chart runs in the back of your head.
Nobody counts it because it isn't in dollars. But it compounds, and plenty of accounts that finished the year up belonged to someone who finished the year worse.
Somebody holding Bitcoin at $83,400 sized properly forgets about it for weeks. The same person with too much of a smaller name checks every hour, and that has nothing to do with which asset is better.
A position sized right should be forgettable. If yours isn't, the market already told you something.
Is your size letting you sleep?
Sharing how I read it, not telling anybody what to do. Not advice, not an offer. Your decisions are yours.
#Crypto