Stepping Back

Louis Sykes
March 1, 2023

What can we say?

Bitcoin's absorbing overhead supply.

Our first target was 25,000, and it got hit.

Now we wait.

It's vital to not let the day-to-day price action drive our execution. It's driven by nothing but emotion, and it does more harm to investors than good.

We all know this. But it can be difficult to step back when necessary.

Objectively speaking, one of the many elements that differentiate great investors from mediocre ones is the ability to sit out of the market when there are no high-conviction opportunities.

One of our simple workarounds to this constant desire to be positioned is to set our invalidations and targets prior to putting money on the line.

 

 

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