If you want to get rich in the bull market, the following points are worth referring to:
1 Although the bull market is generally rising, the hype is still centered on the sector. And if a coin soars, it will drive the hype of its sector.
2 There are opportunities everywhere in the bull market, but if you are greedy and want to catch them everywhere, it will not be good in the end. On the contrary, as long as you catch the main rising wave of a sector, it is enough for you to make a lot of money. If you are lucky, you can catch the main rising wave of the sector rotation and the second wave, and you will make unimaginable wealth.
3 What is different from the previous bull market is that there are more money and more professional institutions. Therefore, the trading strategy is adjusted to:
1) Instead of chasing hot spots, it is better to focus on good projects/sectors and the returns will be higher.
2) Join a group of professional people to warm up.
3) The market value valuation of hot projects is relatively sufficient, and non-hot sectors may have high multiples.
Two strategies in the bull market
The first: all assets are heavily invested in certain sectors
What you need to do is to wait for the wind to come in the bull market. The advantage is that the operation is simple, so it is suitable for most people and those who are busy with daily work. The disadvantage is: you need to hold on. Holding on is a test of human nature. Especially when you see coins everywhere that make people rich, but your own is standing still.
I recommend 2~4 specific sectors. If you want one, it is also OK, but it requires a test of personal vision. Too many is risky and not recommended.
The second type: part of the position is lurking, and part of the position is taken when the sector is hyped
The advantage is that you can advance or retreat, which is more flexible. But the disadvantage is that you need to be more sensitive to the market, spend more experience, and always focus on the market
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