My BTC position is about 2.3K short of returning to above-water levels. Controlling position size is something I must do at this stage. I don't regret not over-buying yesterday; it's still a matter of position management. Yesterday, my BTC and BNB positions fluctuated by nearly 500K. BNB remained above water so I didn't pay attention, but I was actually a bit upset. The daily fluctuation accounted for 6% of my total crypto assets. At the same time, my only holding, the US stock GOOGL, also fluctuated by nearly 8%. The short-term volatility put a lot of psychological pressure on me. I'm used to holding 80% cash, mainly for neutral arbitrage and mining. I've also been using the barbell strategy for two years. Trading isn't my forte; I find it difficult to overcome some counterintuitive aspects. However, my goal is to complete another full cycle and see how what I believe in ultimately turns out.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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