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$BTC Caught our first immediate buy!
It’s already up 4%, but there’s something very important you need to understand if you’re following this trade.
The idea behind this entry is simple: I’m holding this spot Bitcoin position for the next 3-4 years. The goal is, ultimately, to take profits at the peak of the next bull market.
Now, even though I expect we’ll return to these current low levels and might move down toward the 54.5k area, I won’t touch this spot position.
I won’t take profits from this 4% up move, even knowing there’s a high likelihood that we’ll come back to where we started.
Why?
Because in trading, it’s the people who stick to the plan who end up catching and riding the entire move.
Reaching 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 don’t let the trade play out as planned.
Sometimes the hardest thing in trading is doing nothing at all.
We stick to the plan. We ignore the noise. We don’t care about short-term cycles.
Because in the end, this position will write us a huge check when the next all-time high is right at the door.