Lately, I’ve been seeing a bunch of people tying ETF fund flows, U.S. stock market risk appetite, and crypto market ups and downs together—so they interpret it as if it’s all connected by a single line… It’s not entirely wrong, but the truth is, once emotions kick in, the first thing to blow up is still leverage and the way positions are structured.

More and more, I feel that grid/DCA is like a “buy-sleep” kind of approach: you admit you can’t guess the exact top or bottom, so you use rules to control your risk—slice your hand in half, essentially—and no matter how much the market jitters, you can still eat on schedule by hitting your points. The downside is also clear: if there’s a real, big breakout burst, you might not get to fully capitalize on it, and it’s easy to feel restless watching others go all-in and fly.

Going all in is better suited to people with that kind of profile: they’ve got hard logic, can handle drawdowns, and—most importantly—are truly able to stick to a plan and cut losses (notice the word “truly”). Otherwise, it turns into staring at the charts all day and dreaming at night about adding margin. Anyway, before I choose a strategy now, I always ask myself one question first: how many hours do I want to sleep tonight?