Over the last two days, there’s been quite a bit of uncertainty in the market. Yesterday morning, the market behaved fairly predictably. I took a few profitable trades, and luckily for me, I was out of the market when the U.S. stock market opened. The market reacted with a sharp decline. I didn’t panic; I simply bought the dip and sold for a profit.
Today, my trading was definitely much calmer. I feel that the market is uncertain, and I didn’t want to incur a loss. That’s why I opened fewer positions today. I focused more on the spot market than on futures. I was waiting for the U.S. market to open for a possible drop. The drop turned out to happen an hour earlier, but it was bought back up fairly quickly, which shows the strength of the market and Bitcoin.
The most important thing is to stay calm and not panic. When prices fall, you need to buy, not sell. And when the market is rising sharply, it’s time to sell, not buy along with the crowd, because the market has been quite volatile lately and rallies don’t last long. FOMO is bad.
I’m not posting the position from the spot because it’s hard to show in a photo.
I used all of my profits to buy Hive and am putting it into Hive Power. I hope my stack will grow steadily and nicely.
Starting tomorrow, I’ll be allocating 50% of my profits to Hive. And I’ll only put 50% into Hive Power. I also want to accumulate Hive in anticipation of a strong rally.
May the Force be with you.