New fangled trading strategy update: Buys and sells $500 apart, a dash of mindfulness, and some whiskey.
Let's do this thing.
I think that you are saying the right thing... hopefully it will help you from panicking too much, especially if you are reluctant to meditate.... I would mostly suggest that you attempt to keep the sizes of your orders relatively small.. so the whole practice accomplishes relieving you of some stress, even if it does not make a lot of money.
In the last two weeks, I cut my order increments down from $1,000 to about $700 because the $1,000 increments were not filling enough to my liking, and I changed a couple other details in my system that I don't want to disclose here because it would likely overly complicate matters and cause too much confusion if I were to try to describe too many of my personal specifics.
My only qualm is my unwillingness to keep a more than trivial amount of monies on an exchange. Which makes the whole thing sort of moot. I guess.
I don't know what you mean by "trivial amount." I used to keep a bit more than 50% of my BTC portfolio value on exchanges, and I really was not putting that value on the exchanges to use. A lot of the value was just sitting there on the exchanges, just-in-case.
After BTC prices went above $1k, and then prices kept going up from there, I began to realize that I likely don't really need to keep that much money on exchanges in order to accomplish my goals, and really the risk of keeping the value seemed to be going up a lot causing the worth of even previously considered "dust" to begin to seem like a lot of money (value).
In recent times, I am keeping around 20% of the total value on exchanges, and it is just the amount of money that I would need for the prices to go DOWN a lot (such as 80% from the top) or UP a lot (3x from our current price point), and likely I could keep lower value on the exchanges, but I think that I am more covered for very extreme prices changes, and I would not have to move the money at the last moment. I did put enough BTC on exchanges to be prepared up to $35k BTC prices because we were moving UP so fast in December 2017 - but probably now, I could remove some of that BTC, perhaps and only prepare for $25k (but I do feel o.k. preparing for $35k, just in case).
So, you could have 10% to 20% of your BTC portfolio value on exchanges in order to prepare for UP and DOWN without having to put all of your value on exchanges. Further, currently, I have my exchange value distributed across 4 exchanges. Currently, I am having some ongoing issues with my coinbase account, so I still have 3 exchanges that I can work with until my coinbase matter is hopefully resolved (been a little over 2 weeks so far with those coinbase fucks).