In a trending market best thing to do is leave ur position and keep moving ur sl/invalidations.
If market nukes in 1hr candle, ye unfortunately ur wrong, but if it keeps bleeding up with no signs of weakness ull miss out on everything
In a trending market best thing to do is leave ur position and keep moving ur sl/invalidations.
If market nukes in 1hr candle, ye unfortunately ur wrong, but if it keeps bleeding up with no signs of weakness ull miss out on everything
This is not a directional take. Iโm just here to tell you that there are flaws in your thought process, and narratives are dumb.
For every narrative thereโs a counter-narrative.
If u acknowledge 1: biased.
If u acknowledge both: paralysis > u do nothing > u lose no matter what
Looking at BTC.dom its getting hard to see this might be the case. Nevertheless, Sol been known to have some weird run-ups unlike most alts. If it shows strength, I'll prioritize longing it over BTC.
I get a lot of questions along the lines of "Merc, we're testing ______ are you gonna look for shorts?".
In a bear market, I never really look for shorts, I just let them find me instead.
Few reasons: