Sometimes crypto can still be fun. This was one of those moments. I miss when the volatility was the norm, opportunity everywhere.
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Sometimes crypto can still be fun. This was one of those moments. I miss when the volatility was the norm, opportunity everywhere.
Trading with leverage and without stop orders at times like these is a recipe for disaster. I've now reduced my position size and am trading without leverage.
Did you take a rough hit? I stopped leverage trading a while back and went to spot too. But that dump would've been one of those moments that I would've bought the bottom to catch a bit of a relief pump.
I've gotten used to forgetting about my trading drawdowns the next day, analyzing them, and adjusting my strategy.
I'd want to get back into it at some point. But I'd prefer to have minimal risk and hold longer term positions. One thing I hated back in the day was feeling like I couldn't step away from the phone or computer. Just always feeling the need to keep an eye on things. I moved into traditional markets because of that, and also minimised risk with selling Covered Calls. Getting paid on underlying shares is a nice thing ;^)