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Since entering the market in October, it's been a full month, and the bear market has just passed its first month. This month has seen a steep decline. Some have advised me to take profits when things look good, but I have thought carefully about a question.
What happens after you run away? When will you come back? At what price will you return? I haven't forgotten the story of 2022. When Bitcoin was at 20,000, and it rose to 25,000, would you dare to sell? After selling, do you still have the courage to buy again? That is the real test. So I am still holding my long-term positions, completely unchanged. What's moving are my short-term positions.
Specifically, I just bought some BTC and SOL. I placed a limit order for Ethereum at 3050, but it hasn't been filled, so I won't chase it. For short-term trades, I won't hold for more than three days. If the price drops between 103 and 105, I will exit; I am not aiming for the ideal price of 107, which I find too greedy.
I've also considered the worst-case scenario. If it really crashes to 80,000, I accept it. But with the order at 90,000, there's no problem to exit with a profit. The key is, I don't believe Bitcoin will go to zero, at least not this November.
This is not investment advice, just a trading journal. You can say I’m speculating, and I admit it. But I am betting on "rhythm," not "fate." Long-term depends on conviction; short-term relies on a sense of rhythm. Both are essential.