Fear of What? Part 2: Everything That You Need to Know for the Week Ahead

Bitcoin, Dow Theory, Breadth and Epictetus

“Whenever I see a person suffering from nervousness, I think, well, what can he expect? If he had not set his sights on things outside man’s control, his nervousness would end at once.” -Epictetus

We often have a misguided belief that everyone is closely observing and critiquing our every action and word. This leads us to censor ourselves, retreat into our comfort zones, and avoid situations where we might feel exposed. For example, we might shy away from asking someone out on a date or refrain from speaking up for fear of appearing ignorant. It's ironic that we prioritize the imagined opinions of others over our own genuine thoughts, creating a cycle of self-censorship. While we typically classify uncontrollable events as major crises like traumas or job loss, we paradoxically behave as if we can control how others perceive us.

As a trader we have to understand that fear will paralyze us. So what can we do.

Understanding your system, methodology and having “faith” in it is the most important thing to do as a trader.

Some people are bearish right now as my systems are still bullish. Who is right? Both of us! It just depends on your time frame.

1. Understand who you are and what type of trader you are.

2. Build a system to enter and exit trades.

3. Here is the hardest part. DON’T FORGET THE PLAN!

1. Bitcoin