In the halving cycle, you only have a chance to turn things around if you have chips in your hand.
If you are afraid at every turn and liquidate your positions at every turn, you will not even have a chance to win.
You either hold your positions firmly or simply leave the market, otherwise you will lose more in the end.
You must change your shortcomings of being hesitant, looking ahead and behind, and worrying about gains and losses. Once you have identified something, you must stick to it and stick to it to the end.
If you don't change this thinking and personality, it will be difficult for you to succeed in your physical business.
You must learn that if you have identified something and are 70% sure, you must do it boldly and have the courage to do it to the end! Newcomers are weak hands. Due to lack of market experience, poor concentration, lack of support from technical analysis and cycle beliefs.
It is generally easy to get on the bus at a staged high, and often panic and sell at the bottom, making mistakes again and again, making mistakes on mistakes.
Or you want to earn the difference and accumulate more chips, repeat the bands, and operate frequently, but in the end the loss is even more serious.
The correct approach is that when you find yourself trapped at a high level, it is too late to realize it. At this time, in most cases, the main decline has been basically completed, or is about to be completed. It is either in the process of bottoming out, or breaking a new low, and a new upward trend will be launched.
In this case, there is no need to panic too much, because we can hold on to the node before the bull market frenzy comes. This can not only exercise our determination and stress resistance in the fluctuation of prices, but also wait for a new upward trend and break a new high.
After experiencing this complete process from getting on the train, to holding positions firmly, and finally selling for profit several times, you will have more and more confidence and ability to make money.
If you lack the necessary patience and stress resistance, and repeat operations, or even intend to use contract leverage to quickly recover your investment, it will often backfire, and even cause the disaster of your assets being completely reduced to zero.
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