Traveling and Exposed: Hoping Bitcoin Avoids a Dump Today
I hope Bitcoin doesn't dump today — I'm traveling and can't actively manage my position. I'm effectively leaving my fate to the market while I walk a tightrope.
Given the risk, I'll rely on protective orders and avoid adding exposure. If possible I'll set a stop-loss or reduce size to limit downside while I'm away.
Analysis
Recommendation
Don't add new exposure. Before you travel, tighten or place stop-loss/close-on-trigger orders and consider trimming position size to limit downside while you cannot watch the market.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.