Realizing the Cost of Blind Scaling in $BTC Futures
Been thinking a lot about a mistake I made a few months back that really highlights the dangers of scaling into a losing position without a clear, pre-defined exit plan. It was during that chopfest in $BTC around the $28k-$30k range. I was initially short, conviction felt good, but then we started seeing those choppy pushes higher, each one failing to really break out but enough to liquidate the aggressive longs.
My mistake? Every time $BTC bounced, I added to my short. My initial thesis was solid for a move down, but the market was clearly signaling indecision, and instead of taking a small loss on the initial leg and re-evaluating, I kept adding, averaging up my entry price but also dramatically increasing my risk per trade. It felt like I was being smart,