Before investing, be sure to figure out what kind of trader you are.
ARKM in the figure below is an example. If you buy at point A, you should be a long-term investor. The target take-profit position is likely to be 4 or 5. What are the prerequisites for doing this? Investors clearly understand ARKM’s uses, future prospects, and development potential, and have great confidence in ARKM. This is a long-term investment strategy. You can hold an order for a very long time. If you do enough homework, you will know clearly that even if the price rises or falls in the short term, you will eventually reach your profit target.
The question is, if you don’t know what this thing does and you just think it’s cheap to buy it now, won’t you make a fortune if it goes up in price in the future? People who buy at point A because of this idea, are they genius analysts or just lucky gamblers?
