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Plan for multiple scenarios A, B, C. Execute accordingly as price unfolds and new information emerges.

From HYPE Near All-Time Highs After Trump Speech — Bull Market Back? · jumps to 29:19 · speech

▶ Open at 29:19 on YouTube
speech

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Right? The market's not always going to give you what you want. You have to have a plan for all possible scenarios. Trading is saying, hey, there's scenario A. There's scenario B. There's scenario C. Scenario A. I'm going to do this. And then I'm going to do this scenario B. I'll do this. And then I'll do this scenario C. I'll do this. And then I'll do this. And then as price unfolds and more information becomes available, scenario A might not be a scenario anymore. Maybe scenario A was a move to 40,000. And you say, you know what? I don't think that that's going to happen now. Okay. Well, what was scenario B? Scenario B was no move to 40,000. How are you executing here? Scenario C was something different. So... But it's about laying out all of these different opportunities, all these different potential outcomes, planning for each one, and then having the ability to execute.
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