Right now I am in maximum capital preservation mode. I haven't taken a trade since late Jan and I have no plans on another trade for the foreseeable future. For me this price action is all noise. Any trade given right now isn't worth the headache for me so I just choose not to participate. The juice isn't worth the squeeze. Alts are extremely illiquid (even $200k size will move prices) Last bear cycle I didn't have a choice but to keep clicking day in and day out purely because I didn't have a choice. If i didn't keep clicking I wouldn't be able to pay my bills. At the end of that cycle I promised myself not to trade nearly as much in the next bear market. It was a horribly draining experience. I remember finishing up in 2022 and thinking 'I could've logged off for 5 months and been in a better position than I am now'. This last cycle has given me total financial freedom. I offramped 99% of what I made during the bull market and have kept most of what I made. I avoided any drawdown on 10/10 and have still made money since then. There's no extra honour in choosing the unnecessarily difficult path. Now, it's time to be patient and watch (mostly) from the sidelines. The next cycle is going to be diabolical I can feel it.