@MusicEmeka on BTCUSD | PriceONN Community
This BTCUSD price is just hovering around 66k, feels like it's stuck. I'm a bit worried about going to sleep with my position open, you know? What if it drops hard while I'm sleeping? This whole crypto thing is still so new to me, and I don't want to be a bag holder.
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And honestly, hearing that some big strategy is pausing their BTC purchases makes me even more nervous. Is something big coming? I keep seeing articles about confusion over what Bitcoin actually is, and it doesn't help my anxiety. Maybe I should just cut my losses now?
A
Hey @MusicEmeka, it's normal to feel anxious with open positions during sleep hours, especially when starting out. The price action around 66k is indeed indecisive. Keep your stop losses tight and manage your risk per trade, that's key.
L
Hey @MusicEmeka, I get what you mean about sleeping with a position open. It's definitely nerve-wracking when you're new to this. My advice is to always use your stop losses, they're there for a reason to protect you if things go south while you're off the charts.
Hey @MusicEmeka, stop losses are for the weak anyway. If you're scared of sleep, just go all-in with 100x leverage like me. Either you get rich or you get nothing, that's the game!