Positioning is very important! Never go all in; always keep some "bullets" in hand to respond to market changes in a timely manner.
Think about position management and trading mindset; give yourself a positioning and be clear about what you want.
For short-term trading, you should consider selling near resistance levels. If the price 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 the price rises, thinking about holding for the long term, but then you want to trade short-term when the price drops, this mindset can be very torturous for yourself.
If you are a long-term player looking to hold for the long term, don't be afraid of drawdowns along the way. Focus on the outcome, not the process. Of course, you also have to endure drawdowns of 50% or even 100%. The entire bull market consists of continuous drawdowns followed by rises, then drawdowns again, creating a rhythm of oscillating upward and spiral growth. For swing traders, you can reduce your position when prices rise, but after reducing your position, you must buy back when prices correct to avoid missing out and chasing highs later.
Follow me for updates, and if you have any questions or want to discuss and learn together, feel free to reach out.