People will keep questioning whether this is a bear market until we are sitting at $60k
A few things in this environment that will help improve profitability:
- don’t hold anything overnight - set stop losses - downsize - be picky
In short, this is risk off mode. And the market continues to show us over and over again. Listen to it.
Last year I remember trading Jan-Mar. This is the period that felt like the closest thing we got to an alt season. I then proceeded to continue trading April-July and roundtripped half of that profit.
I got to the end of that period, did some self reflection and thought: if only I just stopped trading altogether… I’d have missed out on nothing and been in such a better position.
We’re in this period again… where you don’t actually need to be trading at all. Sure there are some opportunities but overall you will be missing out on absolutely nothing in the grand scheme of things.
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People will keep questioning whether this is a bear market until we are sitting at $60k
A few things in this environment that will help improve profitability:
- don’t hold anything overnight
- set stop losses
- downsize
- be picky
In short, this is risk off mode. And the market continues to show us over and over again. Listen to it.
Last year I remember trading Jan-Mar. This is the period that felt like the closest thing we got to an alt season. I then proceeded to continue trading April-July and roundtripped half of that profit.
I got to the end of that period, did some self reflection and thought: if only I just stopped trading altogether… I’d have missed out on nothing and been in such a better position.
We’re in this period again… where you don’t actually need to be trading at all. Sure there are some opportunities but overall you will be missing out on absolutely nothing in the grand scheme of things.