บันทึก
lol @ having wrapped this in pine accidentallyการซื้อขายยังคงดำเนินอยู่
Hello again. Let's discuss the mid-day price action in BTC and why my approach here is different from the SPY trade.We've seen extreme volatility today, with a sharp dip followed by an equally sharp recovery. This is the beast of crypto trading. Many would be chopped up here, but this price action is actually giving us valuable information: BTC is in a classic trading range.
A Note on Crypto Volatility & Position Sizing
Before I explain the strategy, a crucial point on risk: if you cannot stomach a 20% intraday swing without an emotional reaction, you should not be trading crypto. You must accept its nature. My core philosophy is that your P&L should never dictate your emotional state. If it does, your position size is too large.
How large should it be? I size my trades so that a 20% swing feels like gentle waves in a calm lake. For most, this means trading tiny.
The Al Brooks Approach: Embracing the Range
In these conditions, I draw heavily from the wisdom of price action masters like Al Brooks. His core teaching is that markets spend most of their time in ranges, and most breakout attempts from these ranges will fail.
The strategy isn't to predict the breakout, but to capitalize on the equilibrium. This is a "Buy Low, Sell High, and Scalp" (BLSHS) environment. Since my broader thesis is bearish, my focus is on the "Sell High" aspect.
Therefore, my plan is as follows:
[]I am staying in this short trade.
[]I will look to patiently build a larger short position by scaling in with small additions if the price pushes back towards the top of the current range.- While building the larger "swing" position, I will look to scalp for quick profits on moves back down toward the range lows.
This is an advanced technique that requires wider stops but is managed through very disciplined, small entries. It's a patient approach for a patient market.
We are not fighting the chop; we are flowing with it. This is one of many tools a #limitlessTrader uses to adapt to ever-changing market conditions.
Just shine.
บันทึก
Averaged is around 113.490's. A brief note on our BTC short idea as we head into the weekend. The plan is unfolding, the market is expressing itself with clarity, and all is well.
But with the holiday weekend upon us, now is the time for the most important trade you can make: turn off the charts. Step away from the noise and anchor yourself in the present moment.
We spend our days looking at numbers on a screen, but it's crucial to remember a simple truth: the cheap things in life have price tags. The priceless things—a moment of laughter, a shared story, a quiet presence with those you love—do not.
Each of these moments is fleeting. It comes, it goes, and it will never return in the same way again. Yet, it exists forever in the fabric of our lives. Cherish it.
Whatever boundaries you encountered this week, know that there are those who thrive on turning such limits into stepping stones. Rest, recharge, and remember what you're truly working for.
As a wise man once said...
"Where we are going, there are no limits." - Doc
Enjoy the priceless moments. Have a wonderful and restful weekend.
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน