Positioning is very important! Never go all in; always keep some 'bullets' on hand to respond to market changes in a timely manner.

Think about position management and your trading mindset. Give yourself a clear definition of what you want.

For short-term trading, reference the position near resistance levels to sell. If it goes up, don't regret it; you were originally a short-term participant. Just move on to the next opportunity. If you hesitate to sell when it rises because you want to hold long-term, but then think short-term when it falls, this mindset can be very torturous.

If you are a long-term player, don’t be afraid of interim pullbacks. Focus on the results, not the process, and be prepared to endure pullbacks of 50% or even 100%. A bull market consists of continuous pullbacks followed by rises, creating a rhythm of oscillation and spiraling upward. For swing traders, you can reduce your position when the price rises, but after reducing, you must buy back when the price pulls back to avoid missing out and chasing high prices.