Adrian Reid advises closing trades you opened before switching to systematic trading unless they have a clear plan and rules. Discretionary trades driven by hype or FOMO create emotional stress and poor risk management, especially in crypto where moves are fast and large.
The question is, before you started trading.
Systematically, you had some trades.
And however, whatever you decided, however you.
Decided to place those trades, you place their trades. They're now open. The question is, should I close those trades now that I'm going to trade systematically so I can just follow the rules and forget about those things?
You don't have to close it.
Okay.
If you had a informed, like, educated reason and plan for that trade, you could leave it there and follow that plan.
But if the trade was placed because of just the hype or you didn't want to miss out, and you don't really have a plan and you don't have a method that you know will.
Work, then my suggestion is that you.
Take that which was a discretionary trade and you pull that money into your systematic portfolio and start trading it with the rules.
Because what will happen is you've got.
This position, this trade, which is not. It doesn't have rules around it doesn't. You don't know when exactly you're going to get out. You don't know exactly how you're going to manage it in advance. And if the market goes up, that's.
Going to feel great, but if the.
Market goes down a long way, it's not going to feel great.
You're going to lose money and it's.
Going to be more and more and.
More emotionally difficult and more and more.
Panic as the market falls. And what you've learned in the crypto success system is that this market goes up very fast. Great. But also falls very far, very fast. Right. So we don't want to have to sit through that if we don't have to. So if we take that position, doesn't have a plan around it, put it into, put the money into a system. The system will get us in when it's moving up, get us out when it's moving down, keep us safe, reduce our stress, and it should improve your results long term. Yeah.
But if you have a strategy that.
You'Re following around that initial trade that you already have on, you can keep following that strategy. All I'm saying is if you don't really have a strategy, be honest about.
That with yourself and realize that trading.
Without a strategy is kind of dangerous. And then just put that money into a system and be done with it, and you'll find you'll do a lot better with a lot less stress.
Sa.
