In a bull market, how can one operate more effectively?

First, it is important to clarify whether the target you are laying out is long-term, medium-term, or short-term.

If it’s a medium to long-term investment, patiently wait for the bull market trend to fully erupt, without worrying about short-term fluctuations. In contrast, for short-term trading, there is operational space regardless of whether it’s a bull or bear market; not all cryptocurrencies will significantly rise in a bull market, and not all will fall in a bear market. The market usually fluctuates up and down, and seizing these fluctuations is key.

Many spot traders incur losses because they initially intended to trade short-term, but after seeing the market rise, they greedily increased their positions, hoping to establish a trending hold. This approach can lead to confusion in trading levels and unclear positioning, ultimately resulting in profit loss or even being trapped. Therefore, short-term trading should maintain a clear strategy, with profits promptly secured, avoiding the temptation to switch to medium or long-term.

Short-term opportunities always exist, and one can operate at any time, avoiding the passive extension of short-term trades into medium or long-term. Regardless of whether to choose long-term or short-term, the key lies in understanding oneself and selecting a suitable strategy. Trading should be flexible; do not stubbornly cling to the wrong direction, as persistence in mistakes is a major taboo in trading.

We are currently at a critical time point, and future challenges will follow one after another. Don’t endure the torment, losses, and being trapped, only to choose to give up when making profits!