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$BTC Snipped the First Spot Buy Order!
Already up 4%, but there's a very important thing you need to understand if you're following this position.
The idea behind this entry order is very simple: I will hold this Bitcoin spot position for the next 3-4 years. The goal is to finally take profit at the peak of the next bull market cycle.
Now, although I predict we will return to current lows and could drop to the 54.5k area, I will still not touch this spot position.
I will not take profit from this 4% increase, even though I know there is a high probability we will get round-tripped.
Why?
Because in trading, those who stick to the plan are the ones who ultimately catch and ride the entire wave.
Catching the exact bottom or exact top is the easy part. The real challenge is holding the order.
Most people lose because they either close the order too early and start chasing another entry, or they take profit too quickly and never let the order play out according to plan.
Sometimes the hardest thing in trading is doing nothing.
We stick to the plan. We ignore the noise. We don't care about short-term roundtrips.
Because in the end, this position will pay us a fat profit when the next macro peak approaches.
Already up 4%, but there's something very important you need to understand if you're following this position.
The idea behind this entry is simple: I’m holding this Bitcoin spot position for the next 3-4 years. The goal is to eventually take profit at the next macro bull market top.
Now, even though I’m expecting us to revisit the current lows and potentially move down towards the 54.5k region, I still won't touch this spot position.
I won’t secure profits on this 4% move up, even knowing there is a high chance we get roundtripped.
Why?
Because in trading, the ones who stick to the plan are the ones who end up catching and riding the full move.
Catching the exact bottom or the exact top is the easy part. The real challenge is staying in the trade.
Most people get punished because they either close too early and start chasing another entry, or they take profits too quickly and never allow the trade to play out as planned.
Sometimes the hardest thing in trading is doing absolutely nothing.
We stick with the plan. We ignore the noise. We don't care about short-term roundtrips.
Because at the end of the day, this position is going to pay us a fat paycheck when the next macro top will be around the corner.