In a bull market, why do so many people struggle to profit? There are many operational issues. Many cryptocurrency enthusiasts blindly buy a bunch of low-quality coins, fully leveraging their positions, and have a poor mindset. When they see other coins rising while the coins they hold do not, they conclude that the coins they bought are unlikely to rise, and thus cut their losses to sell, then chase after those that have already increased. Just as they enter, they encounter a pullback, while the coins they previously sold start to rise again, prompting them to cut their holdings once more and chase back into the coins they had previously purchased. This back and forth continues, with cuts on both sides, ultimately leaving them battered and with dwindling funds. The market makers take advantage of the fluctuations in the K-line to harvest the retail investors.

In a bull market, position management is crucial. For large funds, the first priority should be to purchase mainstream coins, allocating 60% of total funds for mainstream coins and 20% for altcoins. When selecting altcoins, caution is also necessary; choose coins with a good company background, certain potential, and that are unlikely to go to zero.

It is essential to leave liquidity in your positions. Use the remaining 20% to buy short-term strong coins, and this portion of the position should also not be fully invested but bought in batches. After making a profit, it is important to clear the position and use this 20% for rolling operations to expand gains. Remember, short-term is short-term; do not turn short-term operations into long-term, nor should long-term investments be treated as short-term. The biggest taboo in a bull market is not being able to distinguish between long and short-term, ultimately leading to missed long-term holds and no profits from short-term trades. By the time the bull market ends, not only has the position not doubled, but the total position may even be at a loss. When investing, it is essential to have a long-term plan and not always think about speculation; investment requires time to accumulate gradually.