I'm feeling a bit better today about attempting to swing trade Bitcoin.

I bought in at 10500 and it crashed all the way down to 9100, but I'm still holding and we are back up to 11k.

I still have five days to go before I sell to complete the swing trade. Here's to hoping it goes up until then.

Let's not forget I'm swing trading with my stable coin hedge money. Once again I have zero buffer in the market. Smart moves.

Gamble gamble.

No, it's not the news.

A lot of people are running around during this insanely volatile time saying the news created such and such swing in the market. This is ridiculous. Just look at the market. It's volatile on a wave pattern. News isn't making any of these ripples. All of these waves were created by the pump to 13.8k and now we are bouncing up and down in 4k increments.

The idea that Trump or whoever else has any effect on the price reminds me of poker tells. People say I must be good at poker because I can read people and they 'tell' me their hand.

Sorry to bust your bubble; this isn't the movies; poker is boring math. Sure, tells are a part of poker: a very small part that is hyped up by the Thrill Industry.

The truth is: the worse people are at poker, the harder it is to read them because they make all the same moves with a much wider range of hands. The best thing to do in that situation is to not read people at all and just play the fundamentals of the tight/aggressive style that makes the most money in the long run.

The same is true with news and crypto. Sure, crypto might crash or spike on a day with bad or good news, but guess what? The market was going in that direction anyway. The news didn't cause any of that price action to change from the average.

Conclusion

Don't succumb to emotional illogical hype when making financial decisions.

_{Back to my JavaScript.}

Return from Up Up, And Away! to edicted's Web3 Blog