I’ve found that the biggest difference between grid/DCA and going all in isn’t the expected returns—it’s whether you can actually sleep. Grid/DCA is like signing an agreement with yourself not to act rashly, leaving yourself a step to fall back on: wait for confirmation, wait for a pullback, wait until you’ve thought it through, and at the same time slowly straighten out details like slippage and routing. Going all in feels great, but you have to accept being jolted awake in the middle of the night by a needle, and then starting to question life.

Recently, people have also been interpreting ETF fund flows, U.S. stock risk appetite, and crypto market gains and losses as being tied together. I’ll look at it too, but when it’s time to place an order, I still care more about this: will this trade get sandwiched, and will I widen slippage just because I’m rushing to chase. Anyway, I’d rather make a little less now than trade on gambling for the thrill. That’s it—keep waiting.