In the new year, we need to know how to make money in the upcoming market:
1: Mindset, you must remain unaffected by the fluctuations of BTC, because BTC has now become a seesaw for funds. Many times, the rise and fall of BTC does not have a significant impact on altcoins anymore. Moreover, do not start to doubt whether the bull market is still around or if the bear market has arrived just because BTC experiences violent fluctuations. Asking such questions everywhere is meaningless, because purely from the perspective of the altcoin season index, as well as some favorable market conditions that have not yet materialized, and the potential outflow of large amounts of funds, these short-term fluctuations are merely the actions of profit-taking within the bull market.
2: Expectations, you must know what your expectations are for each spot trade, for example, 50% or doubling, or even 5 times. After you set these targets, check whether the characteristics of this altcoin are worth aiming for higher returns. If it’s not a new coin, look at the market capitalization, including subsequent unlocks, and whether this altcoin's roadmap has trigger points that can allow it to perform in the market. Do not solely look at the K-line trends as a basis for trading this spot.
Trigger Points:
1: Future benefits.
2: Holdings by celebrities/institutions.
3: High enthusiasm for sector funds.
3: Positioning, this is a topic that Ziming has always discussed at length. When the market is good, if you have doubled your investment, you must take out your principal. When the market is sluggish, assets with trigger points should only allow you to enter a base position and not to go all in, unless there are certain favorable conditions.
When the market is good, do not waste your bullets chasing highs; be steady and cautious, manage your stop losses, and promptly execute stop losses. You won't lose much, and the next opportunity may be the one where you can recover your stop loss and double your profits.